Accounts: Type and Normal Balance Flashcards
1
Q
Cash
A
Asset (Debit)
2
Q
Service Revenue
A
Revenue (Credit)
3
Q
Land
A
Asset (Debit)
4
Q
Notes Receivable
A
Asset (Debit)
5
Q
Salary expense
A
Expense (Debit)
6
Q
Notes Payable
A
Liability (Credit)
7
Q
Supplies Expense
A
Expense (Debit)
8
Q
Interest Expense
A
Expense (Debit)
9
Q
Furniture
A
Asset (Debit)
10
Q
Unearned Revenue
A
Liability (Credit)
11
Q
Prepaid Supply
A
Asset (Debit)
12
Q
Capital
A
Owner equity (Credit) : Increases equity
13
Q
Revenue
A
Owner equity (Credit) : Increases equity
14
Q
Expense
A
Owner equity (Debit) : Decreases equity
15
Q
Draw
A
Owner equity (Debit) : Decreases equity
