Centerfield Sporting Goods

Chart of Accounts
Account Account number

Sales revenue 1000

Product sales 1100

Service sales 1200

Returns and chargebacks 1300

Interest income 1400

Other income 1500

Cost of goods sold 2000

Cost of service 2100

Bank and merchant fees 2200

Business meals 2300

Client entertainment 2400

Computers or equipment 2500

Computer hardware 2600

Computer software 2700

Gas and auto 2800

Independent contractor 2900

Insurance payments 3000

Interest paid 3100

Lawyers and accountants 3200

Licenses or fees 3300

Marketing or advertising 3400

Miscellaneous expenses 3500

Phone, internet, and utilities 3600

Postage and shipping 3700

Rent or lease 3800

Software and hosting 3900

Supplies 4000

Taxes paid 4100

Travel & transportation 4200

 enterfield Sporting Goods

Chart of Accounts
Category Description

Income Revenue from selling products or services

Income Revenue from selling products

Income Revenue from selling services

Income Returns and chargebacks from customers

Income Interest income earned on investments

Income Other sources of income

Expense Cost of products sold

Expense Cost of services provided

Expense Fees charged by banks and merchants

Expense Meals with clients

Expense Entertainment with clients

Expense Purchases of computers or equipment

Expense Purchases of computer hardware

Expense Purchases of computer software

Expense Gas and vehicle maintenance expenses

Expense Payments to independent contractors

Expense Payments for insurance

Expense Interest paid on loans or credit cards

Expense Payments for legal and accounting services

Expense Local, state, or federal business licenses or fees

Expense Marketing and advertising costs

Expense Other business expenses

Expense Common business utility expenses

Expense Postage and shipping costs to customers

Expense Rent or lease payments

Expense Software and web hosting payments

Expense Other business supplies

Expense Taxes paid by the business

Expense Traveling and transportation costs

 Centerfield Sportin

General led
Date Vendor name

6/1/2023 Customers

6/1/2023 Acme Corporation

6/1/2023 Jane Doe

6/1/2023 Uber

6/2/2023 Bank of America

6/3/2023 The Olive Garden

6/3/2023 Chevron

6/3/2023 ABC Office Space

6/4/2023 The Home Depot

6/4/2023 AT&T

6/5/2023 Office Depot

6/5/2023 Customers

6/5/2023 The Cheesecake Factory

6/5/2023 IRS

6/7/2023 Microsoft

6/8/2023 Shell Oil

6/8/2023 Amazon

6/9/2023 John Smith

6/9/2023 State Farm

6/9/2023 IRS

6/9/2023 Bank of America

6/9/2023 UPS

6/11/2023 Staples

6/12/2023 City of San Francisco

6/14/2023 Google

6/15/2023 Balls and Bats Inc.

6/15/2023 Comcast

6/16/2023 Dell

6/17/2023 The Law Offices of James Smith

6/18/2023 Lenovo

6/18/2023 Staples

6/19/2023 USPS

6/19/2023 Adobe

6/19/2023 State of California

6/22/2023 Wells Fargo

6/22/2023 American Airlines

6/22/2023 Capital One

6/22/2023 The Law Offices of John Smith

6/25/2023 ABC Office Space

6/25/2023 Regal Cinemas

6/25/2023 Geico

6/28/2023 Facebook

6/29/2023 GoDaddy

6/29/2023 HP

6/29/2023 Office Max

6/30/2023 Squarespace
 Centerfield Sporting Goods

General ledger
Account Amount

Product sales $ 2,750.00

Cost of goods sold $ 750.00

Independent contractor $ 500.00

Travel & transportation $ 100.00

Bank and merchant fees $ 50.00

Business meals $ 100.00

Gas and auto $ 250.00

Rent or lease $ 50.00

Client entertainment $ 50.00

Phone, internet and utilities $ 50.00

Supplies $ 25.00

Product sales $ 3,500.00

Business meals $ 50.00

Taxes paid $ 10.00

Computer software $ 100.00

Gas and auto $ 50.00

Supplies $ 10.00

Independent contractor $ 100.00

Insurance payments $ 50.00

Taxes paid $ 50.00

Bank and merchant fees $ 25.00

Postage and shipping $ 10.00

Computer software $ 50.00

Licenses or fees $ 50.00

Marketing or advertising $ 100.00

Cost of goods sold $ 500.00

Phone, internet, and utilities $ 25.00

Computers or equipment $ 500.00

Lawyers and accountants $ 100.00

Computer hardware $ 200.00

Miscellaneous expenses $ 25.00

Postage and shipping $ 25.00

Computer hardware $ 100.00

Licenses or fees $ 25.00

Interest paid $ 25.00

Travel & transportation $ 25.00

Interest paid $ 10.00

Lawyers and accountants $ 25.00

Rent or lease $ 100.00

Client entertainment $ 25.00

Insurance payments $ 25.00

Marketing or advertising $ 50.00

Software and hosting $ 50.00

Computers or equipment $ 250.00

Miscellaneous expenses $ 10.00

Software and hosting $ 25.00

g Goods

ger
Description

Sold 10 units of product A for $275 each. ###

Cost of goods sold for 10 units of product B was $750. ###

Paid an independent contractor for services rendered.

###

Paid for travel and transportation.

###

Paid bank and merchant fees.

###

Took a client out to lunch.

###

Paid for gas and car maintenance.

###

Paid rent or lease, cost $50.

###

Took a client to a sporting event, cost $50.

###

Paid for phone, internet, and utilities, cost $50.

###

Purchased business supplies, cost $25.

###

Sold 10 units of product B for $350 each.

###

Took a client out to dinner, cost $50.

###

Paid taxes, cost $10.

###

Purchased new computer software for $100.

###

Paid for gas and car maintenance, cost $50.

###

Purchased business supplies, cost $10.

###

Paid an independent contractor $100 for services rendered.

###

Paid insurance premiums, cost $50.

###

Paid taxes, cost $50.

###

Paid $25 in bank and merchant fees.

###
Paid for postage and shipping, cost $10.
###

Purchased new office furniture for $50.

###

Paid for business licenses and fees, cost $50.

###

Paid for marketing and advertising, cost $100.

###

Cost of goods sold for 10 units of product A was $500.

###

Paid for phone, internet, and utilities, cost $25.

###

Purchased a new computer for $500.

###

Paid for legal and accounting services, cost $100.

###

Purchased new computer hardware for $200.

###

Paid for miscellaneous business expenses, cost $25.

###

Paid for postage and shipping, cost $25.

###

Purchased new computer software for $100.

###

Paid for business licenses and fees, cost $25.

###

Paid interest on a loan, cost $25.

###

Paid for travel and transportation, cost $25.

###

Paid interest on a credit card, cost $10.

###

Paid for legal and accounting services, cost $25.

###

Paid rent or lease, cost $100.

###

Took a client to a movie, cost $25.

###

Paid insurance premiums, cost $25.

###

Paid for marketing and advertising, cost $50.

###

Paid for software and web hosting, cost $50.

###

Purchased a new printer for $250.

###

Paid for miscellaneous business expenses, cost $10.

###

Paid for software and web hosting, cost $25.

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 Centerfield Sporting Goods

Income Statement
Date range
Beginning date: 6/1/2023
Ending date: 6/30/2023

Revenues

Product sales $ 6,250.00

Service sales $ -

Returns and chargebacks $ -

Interest income $ -

Other income $ -

Total revenue $ 6,250.00

Cost of goods or services

Cost of goods sold $ 1,250.00

Cost of service $ -

Total cost of goods or services $ 1,250.00

Gross profit $ 5,000.00

Operating expenses

Computers or equipment $ 750.00

Computer hardware $ 300.00

Computer software $ 150.00

Gas and auto $ 300.00

Independent contractor $ 600.00

Insurance payments $ -

Licenses or fees $ 75.00

Marketing or advertising $ 150.00

Phone, internet, and utilities $ -

Postage and shipping $ 35.00

Rent or lease $ -

Software and hosting $ 75.00

Supplies $ 35.00

Total operating expenses $ 2,470.00

Other expenses

Bank and merchant fees $ 75.00

Business meals $ 150.00

Client entertainment $ 75.00

Interest paid $ 35.00

Lawyers and accountants $ 125.00

Miscellaneous expenses $ 35.00

Taxes paid $ 60.00

Travel & transportation $ 125.00

Total other expenses $ 680.00

Net income $ 1,850.00