Accounting Flashcards
1
Q
Investments
A
Long-term Assets DR
2
Q
Income Tax Payable
A
Liability CR
2
Q
Utilities Expense
A
Expense DR
3
Q
ADJ Cash was Recieved, and previously recorded
A
4
Q
Supplies Expense
A
Expense DR
4
Q
Wage Expense
A
Expense DR
5
Q
Property Plants Equipment
A
Long-term Assets DR - Accumulated Depreciation
6
Q
Credit to Increase
A
Liabilities
Equity
Revenue
6
Q
Income Statement
A
7
Q
ADJ Depreciation
A
Deferred Expense
7
Q
Accounts Recievable
A
Asset DR
8
Q
Accrued Expenses Payable
A
Liability CR
9
Q
Unearend Revenue
A
Liabilities CR
10
Q
Interest Recievable
A
Assets DR
11
Q
Interest Expense
A
Expense DR
12
Q
ADJ Cash will be recieved
A
12
Q
Dividends Payable
A
Liability CR
21
Q
Balance Sheet
A
40
Q
ADJ Cash was paid, or previously recorded
A
41
Q
Statement of Retained Earnings
A
42
Q
ADJ Cash will be paid
A
