All Accounts Flashcards
1
Q
Cash
A
- Asset
- Debit
2
Q
Petty Cash
A
- Asset
- Debit
3
Q
Cash Equivalents
A
- Asset
- Debit
4
Q
Short-Term Investments
A
- Asset
- Debit
5
Q
Receivables
A
- Asset
- Debit
6
Q
Allowance for Doubtful Accounts
A
- Asset
- Credit (Contra-Asset Account)
7
Q
Inventory
A
- Asset
- Debit
8
Q
Supplies
A
- Asset
- Debit
9
Q
Prepaid ____
A
- Asset
- Debit
10
Q
Long Term Investment
A
- Asset
- Debit
11
Q
Bond Sinking Fund
A
- Asset
- Debit
12
Q
Automobiles
A
- Asset
- Debit
13
Q
Accumulated Depreciation
A
- Asset
- Credit (Contra-Asset)
14
Q
Law Library
A
- Asset
- Debit
15
Q
Furniture
A
- Asset
- Debit
16
Q
Office Equipment
A
- Asset
- Debit
17
Q
Building
A
- Asset
- Debit
18
Q
Land Improvements
A
- Asset
- Debit
19
Q
Land
A
- Asset
- Debit
20
Q
Mineral Deposit
A
- Asset
- Debit
21
Q
Patent
A
- Asset
- Debit
22
Q
Franchise
A
- Asset
- Debit
23
Q
Copyrights
A
- Asset
- Debit
24
Q
Goodwill
A
- Asset
- Debit
25
Accumulated Amortization
- Asset
| - Credit (Contra-Asset)
26
Payables
- Liability
| - Credit
27
Estimated Warranty Liability
- Liability
| - Credit
28
Unearned ________
- Liability
| - Credit
29
Discount on ________
- Liability
| - Debit (Contra-Liability)
30
Premium on Bonds Payable
- Liability
| - Credit
31
Deferred Income Tax Liability
- Liability
| - Credit
32
_____ Stock
- Stockholder's Equity
| - Credit
33
Retained Earnings
- Stockholder's Equity
| - Credit
34
Fees Earned
- Revenue
| - Credit
35
______ Revenue
- Revenue
| - Credit
36
Sales Returns and Allowances
- Revenue
| - Debit (Contra-Revenue)
37
Sales Discounts
- Revenue
| - Debit (Contra-Revenue)
38
Cost of Golds Sold
- Expense
| - Debit
39
______ Expense
- Expense
| - Debit
40
Owner's Drawing
- Stockholder's Equity
| - Debit (Contra-Equity)
41
Accounts on Income Statement
- Revenues
- Expenses
- Income
42
Accounts on Statement of Stockholders Equity
- Common Stock
- Retained Earnings
- Total Equity
```
Beginning Balance
Issuance of Common Stock
Add: Net Income
Subtract: Dividends
Ending Balance
```
43
Accounts on Balance Sheet
- Assets
- Liabilities
- Stockholders Equity (Stock + Retained Earnings)
