... Account No.(ID) Balance May 31,2019
Cash on hand 1010 22,000.00
Cash at bank 1020 13,500.00
Petty Cash 1030 4,500.00
Receivables 1040 36,200.00
Allowance for Doubtful 1045 1,000.00
Notes Receivable 1048 10,000.00
Inventories 1050 45,600.00
Short term Prepayments 1060 6,700.00
Vehicles 1120 85,000.00
Acc. Depreciation-Vehicle 1125 16,500.00
Office equipment 1130 49,500.00
Acc. Depreciation-Office Equip 1135 12,800.00
Account payable 2010 52,400.00
Account Liabilities 2020 8,500.00
Employee Income tax Payable 2030
Sales tax payable 2040
Provident Fund Payable 2050
Labor union contr. Payable 2060
Common Stock 3010 126,000.00
Retained Earnings 3020 57,800.00
Dividends 3030
Sales 4010
Sales Discount 4015
Cost of goods sold 5010
Purchase Discount 5015
Freight in 5020
Salary Expense 6010
Payroll Tax Expense 6020
Depreciation expense 6030
Miscellaneous Expense 6090