ACCOUNTS PAYABLE Liability Decrease Increase ACCOUNTS RECEIVABLE Asset Increase Decrease ACCUMULATED DEPRECIATION Contra Asset Decrease Increase ADVERTISING EXPENSE Expense Increase Decrease ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS Contra Asset Decrease Increase AMORTIZATION EXPENSE Expense Increase Decrease AVAILABLE FOR SALE SECURITIES Asset Increase Decrease BONDS PAYABLE Liability Decrease Increase BUILDING Asset Increase Decrease CAPITAL STOCK Equity Decrease Increase CASH Asset Increase Decrease CASH OVER Revenue Decrease Increase CASH SHORT Expense Increase Decrease CHARITABLE CONTRIBUTIONS PAYABLE Liability Decrease Increase COMMON STOCK Equity Decrease Increase COST OF GOODS SOLD Expense Increase Decrease CURRENCY EXCHANGE GAIN Gain Decrease Increase CURRENCY EXCHANGE LOSS Loss Increase Decrease DEPRECIATION EXPENSE Expense Increase Decrease DISCOUNT ON BONDS PAYABLE Liability Decrease Increase DISCOUNT ON NOTES PAYABLE Contra Liability Increase Decrease DIVIDEND INCOME Revenue Decrease Increase DIVIDENDS Dividend Increase Decrease DIVIDENDS PAYABLE Liability Decrease Increase DOMAIN NAME Asset Increase Decrease EMPLOYEE BENEFITS EXPENSE Expense Increase Decrease EQUIPMENT Asset Increase Decrease FEDERAL INCOME TAX PAYABLE Liability Decrease Increase FEDERAL UNEMPLOYMENT TAX PAYABLE Liability Decrease Increase FREIGHT-IN Part of Calculation of Net Purchases Increase Decrease FREIGHT-OUT Expense Increase Decrease FUEL EXPENSE Expense Increase Decrease GAIN Gain Decrease Increase HEALTH/CHILD FLEX PAYABLE Liability Decrease Increase INCOME SUMMARY Not a Financial Statement Account Debited for Total Expenses Credited for Total Revenues INSURANCE EXPENSE Expense Increase Decrease INSURANCE PAYABLE Liability Decrease Increase INTEREST EXPENSE Expense Increase Decrease INTEREST INCOME Revenue Decrease Increase INTEREST PAYABLE Liability Decrease Increase INTEREST RECEIVABLE Asset Increase Decrease INVENTORY Asset Increase Decrease INVESTMENT IN BONDS Asset Increase Decrease INVESTMENT INCOME Revenue Decrease Increase INVESTMENTS Asset Increase Decrease LAND Asset Increase Decrease LOAN PAYABLE Liability Decrease Increase LOSS Loss Increase Decrease MEDICARE/MEDICAID PAYABLE Liability Decrease Increase MISCELLANEOUS EXPENSE Expense Increase Decrease NOTES PAYABLE Liability Decrease Increase NOTES RECEIVABLE Asset Increase Decrease OBLIGATION UNDER CAPITAL LEASE Liability Decrease Increase PAID-IN CAPITAL IN EXCESS OF PAR – COMMON Equity Decrease Increase PAID-IN CAPITAL IN EXCESS OF PAR – PREFERRED Equity Decrease Increase PATENT Asset Increase Decrease PAYROLL TAX EXPENSE Expense Increase Decrease PETTY CASH Asset Increase Decrease POSTAGE EXPENSE Expense Increase Decrease PREMIUM ON BONDS PAYABLE Liability Adjunct Account Decrease Increase PREPAID INSURANCE Asset Increase Decrease PREPAID RENT Asset Increase Decrease PURCHASE DISCOUNTS Reduces Calculation of Net Purchases Decrease Increase PURCHASE DISCOUNTS LOST Expense Increase Decrease PURCHASES Part of Calculation of Net Purchases Increase Decrease PURCHASE RETURNS Reduces Calculation of Net Purchases Decrease Increase RENT EXPENSE Expense Increase Decrease REPAIR EXPENSE Expense Increase Decrease RETAINED EARNINGS Equity Decrease Increase RETIREMENT CONTRIBUTION PAYABLE Liability Decrease Increase REVENUE Revenue Decrease Increase SALARIES EXPENSE Expense Increase Decrease SALARIES PAYABLE Liability Decrease Increase SALES Revenue Decrease Increase SALES DISCOUNTS Contra Revenue Increase Decrease SALES RETURNS Contra Revenue Increase Decrease SERVICE CHARGE Expense Increase Decrease SERVICE REVENUE Revenue Decrease Increase SOCIAL SECURITY PAYABLE Liability Decrease Increase STATE INCOME TAX PAYABLE Liability Decrease Increase STATE UNEMPLOYMENT TAX PAYABLE Liability Decrease Increase SUPPLIES Asset Increase Decrease SUPPLIES EXPENSE Expense Increase Decrease TRADING SECURITIES Asset Increase Decrease TREASURY STOCK Contra Equity Increase Decrease UNCOLLECTIBLE ACCOUNTS EXPENSE Expense Increase Decrease UNEARNED REVENUE Liability Decrease Increase UNREALIZED GAIN Gain Decrease Increase UNREALIZED LOSS Loss Increase Decrease UNREALIZED GAIN – OTHER COMPREHENSIVE INCOME Increase in Equity Via Other Comprehensive Income Decrease Increase UNREALIZED LOSS – OTHER COMPREHENSIVE INCOME Decrease in Equity Via Other Comprehensive Income Increase Decrease UTILITIES EXPENSE Expense Increase Decrease WARRANTY EXPENSE Expense Increase Decrease WARRANTY LIABILITY Liability Decrease Increase
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Author : Prof. Nancy Dach
Last Updated : 2024-04-28T15:19:20+07:00
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Name : Prof. Nancy Dach
Birthday : 1993-08-23
Address : 569 Waelchi Ports, South Blainebury, LA 11589
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Hobby : Web surfing, Scuba diving, Mountaineering, Writing, Sailing, Dance, Blacksmithing
Introduction : My name is Prof. Nancy Dach, I am a lively, joyous, courageous, lovely, tender, charming, open person who loves writing and wants to share my knowledge and understanding with you.