Basic Recognition Flashcards
(26 cards)
1
Q
Notes Receivable
A
Asset
2
Q
Common Stock
A
Equity
3
Q
Prepaid Insurance
A
Asset
4
Q
Notes Payable
A
Liability
5
Q
Rent Revenue
A
Equity
6
Q
Taxes Payable
A
Liability
7
Q
Rent Expense
A
Equity
8
Q
Furniture
A
Asset
9
Q
Dividends
A
Equity
10
Q
Unearned Revenue
A
Liability
11
Q
An Increase to Accounts Receivable would be…
A
Debited
12
Q
Decrease to Unearned Revenue would be…
A
Debited
13
Q
Decrease to Cash would be…
A
Credited
14
Q
Increase to Interest Expense
A
Debited
15
Q
Increase to Salaries Payable
A
Credited
16
Q
Decrease to Prepaid Rent
A
Credited
17
Q
Increase Common Stock
A
Credited
18
Q
Increase Notes Receivable
A
Credited
19
Q
Decrease to Accounts Payable
A
Debited
20
Q
Increase to Interest Revenue
A
Credited
21
Q
Notes Payable would be…
A
Credited
22
Q
Dividends would be…
A
Debited
23
Q
Service Revenue
A
Credited
24
Q
Unearned Revenue
A
Credit
25
Common Stock
Credit
26
Land
Debit
