Question

Devise a coding scheme using block and sequential 

codes for the following chart of accounts for Jensen 

Camera Distributors. 

Cash 

Accounts Receivable 

Office Supplies Inventory 

Prepaid Insurance 

Inventory 

Investments in Marketable Securities 

Delivery Truck 

Accumulated Depreciation—Delivery Truck 

Equipment 

Accumulated Depreciation—Equipment 

Furniture and Fixtures 

Accumulated Depreciation—Furniture and 

Fixtures 

Building 

Accumulated Depreciation—Building 

Land 

Accounts Payable 

Wages Payable 

Taxes Payable 

Notes Payable 

Bonds Payable 

Common Stock 

Paid-In Capital in Excess of Par 

Treasury Stock 

Retained Earnings 

Sales 

Sales Returns and Allowances 

Dividend Income

Cost of Goods Sold

Wages Expense

Utility Expense

Office Supplies Expense

Insurance Expense

Depreciation Expense

Advertising Expense

Fuel Expense

Interest Expense

Answer 1

101.0 Cash

102.0 Accounts Receivable

103.0 Office Supplies Inventory

104.0 Prepaid Insurance

105.0 Inventory

121.0 Investments in Marketable Securities

131.0 Delivery Truck

131.5 Accumulated Depreciation – Delivery Truck

132.0 Equipment

132.5 Accumulated Depreciation – Equipment

133.0 Furniture and Fixtures

133.5 Accumulated Depreciation – Furniture and Fixtures

134.0 Building

134.5 Accumulated Depreciation – Building

135.0 Land

201.0 Accounts Payable

202.0 Wages Payable

203.0 Taxes Payable

221.0 Notes Payable (Long-term)

222.0 Bonds Payable

301.0 Common Stock

302.0 Paid in Capital in Excess of Par

311.0 Treasury Stock

390.0 Retained Earnings

401.0 Sales

401.5 Sales Returns and Allowances

420.0 Dividend Income

501.0 Cost of Goods Sold

501.0 Wages Expense

521.0 Utility Expense

522.0 Office Supplies Expense

531.0 Insurance Expense

541.0 Depreciation Expense

551.0 Advertising Expense

561.0 Fuel Expense

571.0 Interest Expense