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
Loss
Expense (Income Statement)
26
Prepaid Supplies
Asset (Balance Sheet)
27
Rent Payable
Liability (Balance Sheet)
28
Sales
Income (Income Statement)
29
Interest Receivable
Asset (Balance Sheet)
30
Transportation Equipment
Asset (Balance Sheet)
31
Cost of Sales
Expense (Income Statement)
32
Marketing Expense
Expense (Income Statement)
33
Utilities Expense
Expense (Income Statement)
34
Salaries Expense
Expense (Income Statement)