Matching Accounts

Question 1

Cash

Answer 1

Current Asset [Balance Sheet]

Question 2

Interest Expense

Answer 2

Expense [Income Statement]

Question 3

Sales Returns

Answer 3

Contra-Revenue [Income Statement]

Question 4

Wages Payable

Answer 4

Current Liability [Balance Sheet]

Question 5

Taxes Payable

Answer 5

Current Liability [Balance Sheet]

Question 6

Marketable Securities

Answer 6

Current Asset [Balance Sheet]

Question 7

Mortgage Payable

Answer 7

Long Term Liability [Balance Sheet]

Question 8

Common Stock Paid in Capital

Answer 8

Equity [Balance Sheet]

Question 9

Rent Expense

Answer 9

Expense [Income Statement]

Question 10

Deferred Revenues

Answer 10

Current Liability [Balance Sheet]

Question 11

Interest Payable

Answer 11

Current Liability [Balance Sheet]

Question 12

Discounts on Bonds Payable

Answer 12

Contra-Liability (Long Term) [Balance Sheet]

Question 13

Common Stock at Par Value

Answer 13

Equity [Balance Sheet]

Question 14

Pre-paid Expenses

Answer 14

Current Asset [Balance Sheet]

Question 15

Allowance for Doubtful Accounts

Answer 15

Current Contra-Asset [Balance Sheet]

Question 16

Retained Earnings

Answer 16

Equity [Balance Sheet]

Question 17

Land

Answer 17

Long Term Asset [Balance Sheet]

Question 18

Bonds Payable

Answer 18

Long Term Liability [Balance Sheet]

Question 19

Treasury Stock

Answer 19

Contra-Equity [Balance Sheet]

Question 20

Sales

Answer 20

Revenue [Income Statement]

Question 21

Premium Bonds Payable

Answer 21

Long Term Liability [Balance Sheet]

Question 22

Dividends Payable (Declared)

Answer 22

Current Liability [Balance Sheet]

Question 23

Bad Debt Expense

Answer 23

Expense [Income Statement]

Question 24

Salaries Expense

Answer 24

Expense [Income Statement]

Question 25

Building and Equipment

Answer 25

Long Term Asset [Balance Sheet]

Question 26

Current Portion of Mortgage Payment

Answer 26

Current Liability [Balance Sheet]

Question 27

Cost of Goods Sold

Answer 27

Expense [Income Statement]

Question 28

Sales Discounts

Answer 28

Contra-Revenue [Income Statement]

Question 29

Inventory

Answer 29

Current Asset [Balance Sheet]

Question 30

Goodwill

Answer 30

Asset intangible [Balance Sheet]

Question 31

Depreciation Expense

Answer 31

Expense [Income Statement]

Question 32

Current Portion of Bonds Payable

Answer 32

Current Liability [Balance Sheet]

Question 33

Utilities Expense

Answer 33

Expense [Income Statement]

Question 34

Interest Revenues

Answer 34

Revenue [Income Statement]

Question 35

Advertising Expense

Answer 35

Expense [Income Statement]

Question 36

Accumulated Depreciation

Answer 36

Contra-Asset [Balance Sheet]

Question 37

Accounts Payable

Answer 37

Current Liability [Balance Sheet]

Question 38

Accounts Receivable

Answer 38

Current Asset [Balance Sheet]

Question 39

Sales of any type

Answer 39

Revenue [Income Statement]

Question 40

Income Tax Expense

Answer 40

Expense [Income Statement]

Question 41

Notes Payable

Answer 41

Long Term Liability [Balance Sheet]