There are all kinds of scenerios I could think of for liablity risks in a laundromat. If you are wanting to know what coverages or policy a laundromat should have contact a good agent in your area they will be well versed in what you should be protected from.
Unearned Revenue is a liability account.
Notes Payable is a Liability.
What kind of an account (asset, liability, etc.) is Allowance for Doubtful Accounts, and is its normal balance a debit or a credit?
I think that it would be based on the amount of liability protection you need, you don't say exactly what kind of policy you are speaking of. Contact your agent and he will have this information.
Current Liability
That depands on what kind of laundromat and how big is it. I think.
It's called Springfield Laundromat
The first laundromat in Philadelphia opened in 1947. A laundromat is a business with washing machines and dryers which are coin operated and was the first of its kind in the United States.
Back at the Laundromat was created in 2001-03.
American Laundromat Records was created in 2004.
You can find a few laundromat supplies at Home Depot, like a laundromat pedestal, but if you are looking for more commercial laundromat supplies I would recommend www.nortonsupply.com/Coin-Op-Laundry-Supplies-s/1.htm they specialize in commercial laundromat supplies.
Your need Professional Liability
A commerical liability policy.
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