Acc 4 - 6 Flashcards

1
Q

Accounts Receivable
(A/R)

A

Assets
(Balance Sheet)

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2
Q

Bad debt expense

A

Expense
(Income Statement)

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3
Q

Building

A

Assets
(Balance Sheet)

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4
Q

Notes Payable

A

Liability
(Balance Sheet)

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5
Q

Rent expense

A

Expense
(Income Statement)

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6
Q

Owner’s Equity

A

Equity
(Balance Sheet)

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7
Q

Interest Income

A

Income
(Income Statement)

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8
Q

Cash

A

Asset
(Balance Sheet)

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9
Q

Gain

A

Income
(Income Statement)

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10
Q

Computer Equipment

A

Asset
(Balance Sheet)

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11
Q

Depreciation

A

Expense
(Income Statement)

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12
Q

Utilities Payable

A

Liability
(Balance Sheet)

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13
Q

Freight-out

A

Expense
(Income Statement)

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14
Q

Rent Income

A

Income
(Income Statement)

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15
Q

Unearned Income

A

Income
(Income Statement)

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16
Q

Taxes and Licenses

A

Expense
(Income Statement)

17
Q

Furniture and fixtures

A

Asset
(Balance Sheet)

18
Q

Supplies Expense

A

Expense
(Income Statement)

19
Q

Interest Expense

A

Expense
(Income Statement)

20
Q

Inventory

A

Asset
(Balance Sheet)

21
Q

Land

A

Asset
(Balance Sheet)

22
Q

Accounts Payable
(A/P)

A

Liability
(Balance Sheet)

23
Q

Notes Payable

A

Liability
(Balance Sheet)

24
Q

Prepaid Insurance

A

Asset
(Balance Sheet)

25
Q

Loss

A

Expense
(Income Statement)

26
Q

Prepaid Supplies

A

Asset
(Balance Sheet)

27
Q

Rent Payable

A

Liability
(Balance Sheet)

28
Q

Sales

A

Income
(Income Statement)

29
Q

Interest Receivable

A

Asset
(Balance Sheet)

30
Q

Transportation Equipment

A

Asset
(Balance Sheet)

31
Q

Cost of Sales

A

Expense
(Income Statement)

32
Q

Marketing Expense

A

Expense
(Income Statement)

33
Q

Utilities Expense

A

Expense
(Income Statement)

34
Q

Salaries Expense

A

Expense
(Income Statement)