Asset, Liability, Equity, Expense, Revenue, or Contra" Flashcards
1
Q
Cash
A
Asset
2
Q
Notes Receivable
A
Asset
3
Q
Common Stock
A
Equity
4
Q
Prepaid Insurance
A
Asset
5
Q
Notes Payable
A
Liability
6
Q
Rent Revenue
A
Equity
7
Q
Taxes Payable
A
Liability
8
Q
Rent Expense
A
Equity
9
Q
Furniture
A
Asset
10
Q
Dividends
A
Equity
11
Q
Unearned Revenue
A
Liability
12
Q
Accounts Receivable
A
Asset
13
Q
Accounts Payable
A
Liability
14
Q
Interest Revenue
A
Equity
15
Q
Supplies
A
Asset
16
Q
Advertising Expense
A
Equity
17
Q
Prepaid Rent
A
Asset
18
Q
Utilities Expense
A
Equity
19
Q
Service Revenue
A
Equity
20
Q
Retained Earnings
A
Equity
21
Q
Merchandise Inventory
A
Asset
22
Q
Cost of Goods Sold
A
Expense
23
Q
Sales Discount
A
Contra-Revenue
24
Q
Sales Returns
A
Contra-Revenue
25
Purchase Discount
Contra-Expense
26
Freight In
Expense
27
Purchase Returns and Allowance
Contra-Expense
28
Delivery Expense
Expense
