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    Chart of Accounts

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    Kevzz Espiritu
    The document outlines the chart of accounts for Yoon Se-Ri's travel agency business in the Philippines called Landing On You Travel Services Company. The chart of accounts includes asset, liability, capital, revenue, and expense accounts such as cash, accounts receivable, accounts payable, travel fees earned, salaries expense, and depreciation expense for automobile, office equipment, and furniture.

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    © All Rights Reserved
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    Chart of Accounts

    Uploaded by

    Kevzz Espiritu
    315 views6 pages
    The document outlines the chart of accounts for Yoon Se-Ri's travel agency business in the Philippines called Landing On You Travel Services Company. The chart of accounts includes asset, liability, capital, revenue, and expense accounts such as cash, accounts receivable, accounts payable, travel fees earned, salaries expense, and depreciation expense for automobile, office equipment, and furniture.

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    The document outlines the chart of accounts for Yoon Se-Ri's travel agency business in the Philippines called Landing On You Travel Services Company. The chart of accounts includes asset, liability, capital, revenue, and expense accounts such as cash, accounts receivable, accounts payable, travel fees earned, salaries expense, and depreciation expense for automobile, office equipment, and furniture.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    315 views6 pages

    Chart of Accounts

    Uploaded by

    Kevzz Espiritu
    The document outlines the chart of accounts for Yoon Se-Ri's travel agency business in the Philippines called Landing On You Travel Services Company. The chart of accounts includes asset, liability, capital, revenue, and expense accounts such as cash, accounts receivable, accounts payable, travel fees earned, salaries expense, and depreciation expense for automobile, office equipment, and furniture.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    CHART OF ACCOUNTS ASSETS

    101 Cash
    102 Accounts Receivable
    103 Office Supplies
    104 Prepaid Rent
    105A Automobile
    105B Accumulated Depreciation – Automobile
    106A Office Equipment
    106B Accumulated Depreciation – Office Equipment
    107A Furniture and Fixtures
    107B Accumulated Depreciation – Furniture and Fixtures
    LIABILITIES
    201 Accounts Payable
    202 Notes Payable
    203 Unearned Local Travel Fees
    204 Unearned International Travel Fees
    205 Interest Payable
    CAPITAL
    301 Yoon, Capital
    302 Yoon, Drawing
    303 Profit or Loss Summary
    REVENUE
    401 Local Travel Fees Earned
    402 International Travel Fees Earned
    403 Travel Assistance Fees Earned
    EXPENSES
    501 Salaries Expense
    502 Utilities Expense
    503 Rent Expense
    504 Repairs and Maintenance Expense
    505 Organization Expense
    506 Office Supplies Expense
    507 Interest Expense
    508 Depreciation Expense – Automobile
    509 Depreciation Expense – Office Equipment
    510 Depreciation Expense – Furniture and Fixtures
    511 Gas and Oil Expense
    Miss Yoon Se-Ri, a Korean living in the Philippines*, established a travel and tours agency
    business in the Philippines which she called LANDING ON YOU TRAVEL SERVICES COMPANY, a company
    that promises safe travel with no crash landing.

    The company started pre-operational activities on April 1, 2020 and rendered their first travel
    services on April 9, 2020.

    The business offers travel and tours services to local Philippine destinations such as Batanes,
    Sagada, Cebu, Camarines Sur, and Palawan, international Asian destinations such as South Korea, Japan,
    Thailand, Singapore, and Hong Kong, and other travel services such as VISA assistance and flight booking
    assistance.

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