Accounting Accounts

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Allowance for Doubtful Accounts

1. Contra-ASSET Companion Account - Accounts Recievable 2.Balance Sheet 3.CREDIT 4.Permanent

Accumulated Depreciation

1. Contra-ASSET Companion Account - Buildings (etc...) 2.Balance Sheet 3.CREDIT 4.Permanent

The Accounting Cycle

1.Analyze 2.Journalize 3.Post 4.Unadjusted Trial balance 5.Adjustments 6.Adjusted Trial Balance 7.Prepare Financial Statements 8.Closing 9.Post-Closing Trial Balance

Accounts Recievable

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Buildings

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Cash

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Copyrights

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Equipment

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Goodwill

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Intangibles (Copyrights, Patents, Goodwill)

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Inventory

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Investments

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Notes Recievable

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Patents

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Prepaid Advertising

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Prepaid Expenses (Prepaid ...)

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Prepaid Rent

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Supplies

1.Asset 2.Balance Sheet 3.Debit 4.Permanent

Dividends

1.Contra-Owners Equity 2.Statement of Retained Earnings 3.Debit 4.TEMPORARY

Advertising Expense

1.Expenses 2.INCOME STATEMENT 3.Debit 4.Temporary

Cost of Goods Sold

1.Expenses 2.INCOME STATEMENT 3.Debit 4.Temporary

Depreciation Expense

1.Expenses 2.INCOME STATEMENT 3.Debit 4.Temporary

Income Tax Expense

1.Expenses 2.INCOME STATEMENT 3.Debit 4.Temporary

Interest Expense

1.Expenses 2.INCOME STATEMENT 3.Debit 4.Temporary

Rent Expense

1.Expenses 2.INCOME STATEMENT 3.Debit 4.Temporary

Wages Expense

1.Expenses 2.INCOME STATEMENT 3.Debit 4.Temporary

Accounts Payable

1.Liability 2.Balance Sheet 3. CREDIT 4. Permanent

Accrued Liabilities (... Payable)

1.Liability 2.Balance Sheet 3. CREDIT 4. Permanent

Bonds Payable

1.Liability 2.Balance Sheet 3. CREDIT 4. Permanent

Interest Payable

1.Liability 2.Balance Sheet 3. CREDIT 4. Permanent

Taxes Payable

1.Liability 2.Balance Sheet 3. CREDIT 4. Permanent

Unearned Revenue

1.Liability 2.Balance Sheet 3. CREDIT 4. Permanent

Utilities Payable

1.Liability 2.Balance Sheet 3. CREDIT 4. Permanent

Wages Payable

1.Liability 2.Balance Sheet 3. CREDIT 4. Permanent

Capital Stock

1.Owners Equity 2.Balance Sheet 3.CREDIT 4.Permanent

Common Stock

1.Owners Equity 2.Balance Sheet 3.CREDIT 4.Permanent

Contributed Capital (Capital Stock, Common Stock, Preferred Stock, and Paid in Capital in excess of par)

1.Owners Equity 2.Balance Sheet 3.CREDIT 4.Permanent

Paid in Capital in excess of par

1.Owners Equity 2.Balance Sheet 3.CREDIT 4.Permanent

Preferred Stock

1.Owners Equity 2.Balance Sheet 3.CREDIT 4.Permanent

Retained Earnings

1.Owners Equity 2.Balance Sheet 3.CREDIT 4.Permanent

Fees Earned

1.Revenue 2.INCOME STATEMENT 3.CREDIT 4.Temporary

Interest Revenue

1.Revenue 2.INCOME STATEMENT 3.CREDIT 4.Temporary

Rent Revenue

1.Revenue 2.INCOME STATEMENT 3.CREDIT 4.Temporary

Sales Revenue

1.Revenue 2.INCOME STATEMENT 3.CREDIT 4.Temporary

Service Revenue

1.Revenue 2.INCOME STATEMENT 3.CREDIT 4.Temporary


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