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Accounts and their balances > All Accounts > Flashcards

All Accounts Flashcards

1
Q

Cash

A
  • Asset

- Debit

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2
Q

Petty Cash

A
  • Asset

- Debit

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3
Q

Cash Equivalents

A
  • Asset

- Debit

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4
Q

Short-Term Investments

A
  • Asset

- Debit

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5
Q

Receivables

A
  • Asset

- Debit

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6
Q

Allowance for Doubtful Accounts

A
  • Asset

- Credit (Contra-Asset Account)

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7
Q

Inventory

A
  • Asset

- Debit

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8
Q

Supplies

A
  • Asset

- Debit

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9
Q

Prepaid ____

A
  • Asset

- Debit

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10
Q

Long Term Investment

A
  • Asset

- Debit

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11
Q

Bond Sinking Fund

A
  • Asset

- Debit

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12
Q

Automobiles

A
  • Asset

- Debit

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13
Q

Accumulated Depreciation

A
  • Asset

- Credit (Contra-Asset)

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14
Q

Law Library

A
  • Asset

- Debit

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15
Q

Furniture

A
  • Asset

- Debit

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16
Q

Office Equipment

A
  • Asset

- Debit

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17
Q

Building

A
  • Asset

- Debit

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18
Q

Land Improvements

A
  • Asset

- Debit

19
Q

Land

A
  • Asset

- Debit

20
Q

Mineral Deposit

A
  • Asset

- Debit

21
Q

Patent

A
  • Asset

- Debit

22
Q

Franchise

A
  • Asset

- Debit

23
Q

Copyrights

A
  • Asset

- Debit

24
Q

Goodwill

A
  • Asset

- Debit

25
Q

Accumulated Amortization

A
  • Asset

- Credit (Contra-Asset)

26
Q

Payables

A
  • Liability

- Credit

27
Q

Estimated Warranty Liability

A
  • Liability

- Credit

28
Q

Unearned ________

A
  • Liability

- Credit

29
Q

Discount on ________

A
  • Liability

- Debit (Contra-Liability)

30
Q

Premium on Bonds Payable

A
  • Liability

- Credit

31
Q

Deferred Income Tax Liability

A
  • Liability

- Credit

32
Q

_____ Stock

A
  • Stockholder’s Equity

- Credit

33
Q

Retained Earnings

A
  • Stockholder’s Equity

- Credit

34
Q

Fees Earned

A
  • Revenue

- Credit

35
Q

______ Revenue

A
  • Revenue

- Credit

36
Q

Sales Returns and Allowances

A
  • Revenue

- Debit (Contra-Revenue)

37
Q

Sales Discounts

A
  • Revenue

- Debit (Contra-Revenue)

38
Q

Cost of Golds Sold

A
  • Expense

- Debit

39
Q

______ Expense

A
  • Expense

- Debit

40
Q

Owner’s Drawing

A
  • Stockholder’s Equity

- Debit (Contra-Equity)

41
Q

Accounts on Income Statement

A
  • Revenues
  • Expenses
  • Income
42
Q

Accounts on Statement of Stockholders Equity

A
  • Common Stock
  • Retained Earnings
  • Total Equity
Beginning Balance
Issuance of Common Stock
Add: Net Income
Subtract: Dividends
Ending Balance
43
Q

Accounts on Balance Sheet

A
  • Assets
  • Liabilities
  • Stockholders Equity (Stock + Retained Earnings)

Accounts and their balances (1 decks)

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