Meridian
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Chart of accounts
The structure under every journal, invoice, and bill.
New account
Assets
1000
Operating cash
First Harbor Bank · 4281
$85,914.00
1010
Reserve savings
First Harbor Bank · 9022
$40,000.00
1100
Accounts receivable
Control — post through invoices
$75,100.00
1500
Studio equipment
Computers, tools, and field gear
$21,600.00
1510
Accumulated depreciation
Contra-asset
$5,200.00
Liabilities
2000
Accounts payable
Control — post through bills
$9,240.00
2100
Studio card
First Harbor Visa · 4410
$640.00
2500
Equipment loan
First Harbor term loan
$9,000.00
Equity
3000
Owner's capital
Avery North contributions
$0.00
3100
Owner draws
Distributions to the owner
$15,000.00
3200
Retained earnings
Earnings before this year
$129,220.00
Income
4000
Design fees
Architectural and interior fees
$140,750.00
4100
Project management
Administration, bidding, coordination
$23,600.00
4200
Reimbursable income
Samples, prints, and courier
$2,500.00
Expenses
5000
Contract labor
Outside fabrication and site help
$23,200.00
5100
Studio rent
Harbor Street studio
$43,200.00
5200
Software
Design and practice tools
$2,160.00
5300
Supplies
Model shop and office
$826.00
5400
Travel
Site visits and client travel
$1,100.00
5500
Insurance
Practice liability
$5,580.00
5600
Utilities
Power and data
$1,302.00
5700
Marketing
Open houses and print
$1,150.00
5800
Depreciation
Monthly equipment depreciation
$1,600.00
5900
Bank fees
Account and card fees
$18.00
6100
Professional services
Legal and advisory
$2,400.00