Fort Myers General Merchandise Co.

Chart of Accounts and balances as of 12/31/2015

Selected Balances provided as of 12/31/2014

Balances

Selected Balances

Acct No.

Description

12/31/2015

12/31/2014

1100

Cash

84,500

                        73,050

1120

Accounts Receivable

247,450

                     253,975

1150

Merchandise Inventory

550,000

                     383,975

1160

Prepaid Insurance

4,800

                          2,400

1170

Store Supplies

4,000

                              750

1230

Store Equipment

569,500

1240

Accumulated Depreciation—Store Equipment

70,700

                        56,700

2100

Accounts Payable

209,000

                     198,525

2110

Salaries Payable

47,750

                        42,625

Long Term Notes

300,000

                     300,000

3100

Common Stock (10,000 shares issued, $25 Par)

250,000

                     250,000

3110

Capital in Excess of Par Value

100,000

                     100,000

3120

Dividends Paid

100,000

3200

Retained Earnings

335,300

                     335,300

4100

Sales

5,032,350

                  4,225,135

4110

Sales Returns and Allowances

113,700

                        15,955

4120

Sales Discounts

61,600

                        35,455

5100

Cost of Merchandise Sold

3,012,150

                  2,300,422

5200

Sales Salaries Expense

727,800

5210

Advertising Expense

292,000

5220

Depreciation Expense

14,000

5230

Store Supplies Expense

9,800

5290

Miscellaneous Selling Expense

12,600

5300

Office Salaries Expense

417,700

5310

Rent Expense

88,700

5320

Insurance Expense

12,000

5390

Miscellaneous Administrative Expense

7,800

5650

Interest Expense

15,000

Total Assets at 12/31/2014

                  1,125,138