Types of Accounts
Prepaid Rent
Asset Balance Sheet Debit Permanent
Prepaid Insurance
Asset Liability Debit Permanent
Allowance for Doubtful Accounts
Contra Asset Balance Sheet Credit Permanent
Accumulated Depreciation
Contra Asset Balance sheet Credit permanent
Dividends
Contra owner's equity statement of retained earnings debit temporary
Rent Expense
Expense Income Statement Debit Temporary
Advertising Expense
Expense Income Statement Debit Temporary
Wages Expense
Expense Income Statement Debit Temporary
Accounts payable
Liability Balance Sheet Credit Permanent
copyrights
asset baance sheet debit permanent
equipment
asset balance sheet debit permanent
investments
asset balance sheet debit permanent
notes receivable
asset balance sheet debit permanent
patents
asset balance sheet debit permanent
prepaid advertising
asset balance sheet debit permanent
prepaid expenses
asset balance sheet debit permanent
supplies
asset balance sheet debit permanent
buildings
asset balance sheet debit permanent
goodwill
asset balance sheet debit permanent
inventory
asset balance sheet debit permanent
accounts receivable
asset balance sheet debit permanent
cash
asset balance sheet debit permanent
intangibles
assets balance sheet debit permanent
interest expense
expense income statement debit temporary
depreciation expense
expense balance sheet debit temporary
Income tax expense
expense income statement debit temporary
costs of goods sold
expense income statement debit temporary
accrued liabilities
liability balance sheet credit permanent
interest payable
liability balance sheet credit permanent
unearned revenue
liability balance sheet credit permanent
utilities payable
liability balance sheet credit permanent
wages payable
liability balance sheet credit permanent
Bonds payable
liability balance sheet credit permanent
taxes payable
liability balance sheet credit permanent
common stock
owner's equity balance sheet credit permanent
contributed capital
owner's equity balance sheet credit permanent
paid in capital in excess of par
owner's equity balance sheet credit permanent
retained earnings
owner's equity balance sheet credit permanent
preferred stock
owner's equity balance sheet credit permanent
capital stock
owner's equity balance sheet credit permanent
sales revenue
revenue income statement credit temporary
service revenue
revenue income statement credit temporary
fees earned
revenue income statement credit temporary
interest revenue
revenue income statement credit temporary
rent revenue
revenue income statement credit temporary
