Accounting

Depreciation

operating

Amortization

operating

Gain on sale of equipment

operating

Accounts receivable

operating

Accounts payable

operating

Inventory decrease

operating

Prepaid expenses

operating

Accrued liabilities

operating

Sale of equipment

investing

Purchase of land

investing

Issuance of common stock

financing

retirement of bonds payable

financing

payment of dividends

financing

sale of long term investment for cash

investing

repurchase of stock on the open market

financing

issuance of bonds

financing

prepayment of rent

operating

write-off account receivable

operating

purchase of stock in another company

investing

recipt of dividend from another company

operating

recipt of interest from a company to which money was loaned

operating

sale of a building for cash

investing

cash from sale of stock of another company

investing

payment of principal to bondholders at the end of the bond term

financing

collection of interest revenue on a long-term note receivable

operating

unearned revenue received from a customer

operating

payment of interest to bondholders

operating

payment of cash dividend to investors

financing

Journal entry for recording a sale (AR & Rev)

COGS

»» Inventory

AR

»» Revenue

Journal entry for recording a return

Sales return

»» AR

Inventory

»» COGS

Journal entry for a client paying cash discount

Cash

»» Sales Discount

»» AR

Journal entry for recording a bad debt expense

Bad debt expense

»» AFDA

Adjusting entry for expected returns

Sales refund

»» Refund liability

Estimated inventory - returns

»» COGS

Adjusting entry for sales discounts

Sales discounts

»» Allowance for sales discount

Journal entry for writing off an account

AFDA

»» AR

Journal entry for collecting on a previously written off account

AR

»» AFDA

Cash

»» AR

Journal entry for selling common stock with a par value

Cash

»» Common stock

»» APIC

Journal entry for repurchase of treasury stock

Treasury stock

»» Cash

Journal entry for selling of treasury stock

Cash

»» Treasury stock

»» APIC

Journal entry for declaring a cash dividend

Retained earnings

»» Dividends payable

Journal entry for a warranty expense

Warranty expense

»» Accrued warranty liability

Journal entry for contingent lawsuit

Legal expense

»» Contingent lawsuit liability

Journal entry for bond issuance

Cash

»» Bonds paybale

Jorunal entry for first interest cash payment on a bond

Interest expense

»» Cash

Journal entry for the maturity of a bond

Bonds payable

»» Cash

Journal entry for bonds issued at a discount

Cash

Discount on bonds payable

»» Bonds payable

Adjusting entry for zero coupon bond

Bonds interest expense

»» Discount on bonds payable

Journal entry for bonds issued at a premium

Cash

»» Premium on bonds payable

»» Bonds payable

Journal entry for the early retirement of bonds with a discount (Loss)

Bonds payable

Loss on bond retirement

»» Discount on bonds payable

»» Cash

Journal entry for the early retirement of bonds with a premium (gain)

Bonds payable

Premium

»»Gain on bond retirement

»» Cash

Journal entry for recording amortization on an intangible asset

Amortization expense

»» Intangible asset

Journal entry for goodwill impairment

Loss on impairment

»» Goodwill