Acc 201- Quiz 2
journal entry
debits=credits
receivable
asset- debit
Accounts Payable
credit
Accumulated Depreciation
credit
bonds payable
credit
building
credit
cash
credit
common stock
credit
dividend revenue
credit
dividends payable
credit
equity
credit
gain on sale of..
credit
income tax payable
credit
interest payable
credit
interest revenue
credit
liabilities
credit
mortgage payable
credit
note payable
credit
paid in capital
credit
preferred stock
credit
rent payable
credit
rent revenue
credit
retained earnings
credit
revenues
credit
salaries and wages payable
credit
sales revenue
credit
service revenue
credit
unearned sales revenue
credit
unearned service revenue
credit
utilities payable
credit
Accounts Receivable
debit
Interest Receivable
debit
advertising expense
debit
assets
debit
copyright
debit
cost of goods sold
debit
debt securities
debit
depreciation expense
debit
dividends
debit
equipment
debit
equity securities
debit
expenses
debit
franchise
debit
goodwill
debit
held to maturity securities
debit
income tax expense
debit
insurance expense
debit
interest expense
debit
inventory
debit
land
debit
land held for..
debit
loss on sale of..
debit
machinery
debit
note receivable
debit
patents
debit
prepaid..
debit
rent expense
debit
repairs expense
debit
salaries and wages expense
debit
sales commission expense
debit
supplies
debit
supplies expense
debit
trademark
debit
trading debt securities
debit
utilities expense
debit
expense
expenses- debit
debits always come
first
on a journal entry, credits are always
indented
payable
liability- credit
decrease
opposite
revenue
revenue- credit
increase
stays same