Service Station Chart of Accounts
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ASSETS
- Bank accounts
- Cash in transit
- Savings accounts
- Accounts receivable
- Due from stockholder
- Prepaid expenses
- Gasoline inventory
- Cigarettes inventory
- Beer inventory
- Vending inventory
- Deli inventory
- Fixed assets
- Goodwill
-
LIABILITIES
- Accounts payable
- Sales tax payable
- Payroll taxes payable
- Due to stockholder
- Long-term liabilities
-
EQUITY
- Capital
- Personal draws
- Opening balance equity
- Current year's profit
- Retained earnings
-
INCOME
- Gasoline
- Cigarettes
- Beer
- Vending
- Deli
- Car wash
-
COGS
- Gasoline
- Cigarettes
- Beer
- Vending
- Deli
-
EXPENSES
- Officers' compensation
- Gross wages
- Repairs and maintenance
- Bad debt
- Rents
- Taxes and licenses
- Interest expense
- Depreciation expense
- Advertising
- Travel
- Entertainment
- Auto
- Bank charges
- Continuing education
- Credit card fees
- Discounts and refunds
- Dues and subscriptions
- Equipment rent
- Insurance expense
- Laundry and uniforms
- Office supplies
- Shop supplies
- Postage and shipping
- Security
- Small tools
- Store supplies
- Telephone
- Utilities
- Drive-offs
- Meals-on-site
- Cash short (over)
- Theft
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Miscellaneous expenses
-
Other Income
- Lottery commission
- Cigarette rebates
- Other commissions
-
Other Expenses
- Section 179 expenses
- Charitable contributions