List of Accounts

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48 Terms

1
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Accounts Payable

Liability, Balance Sheet, Credit

2
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Accounts Receivable

Asset, Balance Sheet, Debit

3
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Accumulated Depreciation-Buildings

Contra Asset, Balance Sheet, Credit

4
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Accumulated Depreciation-Equipment

Contra Asset, Balance Sheet, Credit

5
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Administrative Expenses

Expense, Income Statement, Debit

6
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Advertising Expense

Expense, Income Statement, Debit

7
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Amortization Expense

Expense, Income Statement, Debit

8
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Buildings

Asset, Balance Sheet, Debit

9
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Cash

Asset, Balance Sheet, Debit

10
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Common Stock

Equity, Balance Sheet, Credit

11
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Cost of Goods Sold (COGS)

Expense, Income Statement, Debit

12
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Depreciation Expense

Expense, Income Statement, Debit

13
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Dividends

Equity (Distribution), Statement of Retained Earnings, Debit

14
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Equipment

Asset, Balance Sheet, Debit

15
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Freight-In

Inventory Cost (COGS), Income Statement, Debit

16
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Freight-Out

Expense, Income Statement, Debit

17
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Gain on Disposal of Plant Assets

Revenue/Gain, Income Statement, Credit

18
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Income Tax Expense

Expense, Income Statement, Debit

19
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Income Taxes Payable

Liability, Balance Sheet, Credit

20
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Insurance Expense

Expense, Income Statement, Debit

21
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Interest Expense

Expense, Income Statement, Debit

22
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Interest Payable

Liability, Balance Sheet, Credit

23
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Interest Revenue

Revenue, Income Statement, Credit

24
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Inventory

Asset, Balance Sheet, Debit

25
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Land

Asset, Balance Sheet, Debit

26
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Loss on Disposal of Plant Assets

Expense/Loss, Income Statement, Debit

27
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Maintenance and Repairs Expense

Expense, Income Statement, Debit

28
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Mortgage Payable

Liability, Balance Sheet, Credit

29
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No Entry

No account used, no financial statement, No entry

30
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Notes Payable

Liability, Balance Sheet, Credit

31
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Prepaid Insurance

Asset, Balance Sheet, Debit

32
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Purchase Discounts

Contra Expense (COGS), Income Statement, Credit

33
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Purchase Returns and Allowances

Contra Expense (COGS), Income Statement, Credit

34
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Purchases

COGS (Temporary Account), Income Statement, Debit

35
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Rent Expense

Expense, Income Statement, Debit

36
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Rent Revenue

Revenue, Income Statement, Credit

37
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Research and Development Expense

Expense, Income Statement, Debit

38
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Retained Earnings

Equity, Balance Sheet/Statement of Retained Earnings, Credit

39
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Salaries and Wages Expense

Expense, Income Statement, Debit

40
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Salaries and Wages Payable

Liability, Balance Sheet, Credit

41
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Sales Discounts

Contra Revenue, Income Statement, Debit

42
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Sales Returns and Allowances

Contra Revenue, Income Statement, Debit

43
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Sales Revenue

Revenue, Income Statement, Credit

44
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Supplies

Asset, Balance Sheet, Debit

45
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Supplies Expense

Expense, Income Statement, Debit

46
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Unearned Service Revenue

Liability, Balance Sheet, Credit

47
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Utilities Expense

Expense, Income Statement, Debit

48
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Website

Asset (Intangible or Fixed), Balance Sheet, Debit