In: Accounting
The following items are listed alphabetically. Use the bolded abbreviations for your answers. | |||
Use Column 1 to indicate whether the item is found on the Balance Sheet (BS) or Income Statement (IS). | |||
For Balance Sheet items, use Column 2 to indicate the following: CA - Current Asset, NCA - Non Current Asset, | |||
PPE - Property, Plant & Equipment, IA - Intangible Asset CL - Current Liability, NCL - Non Current Liability, or | |||
SE - Stockholders' Equity. Use Column 3 to indicate whether the item has a Debit balance (DR) or a Credit balance (CR). | |||
NOTE: You will only use Column 2 if you have indicated in Column 1 that it's a Balance Sheet (BS) account. | |||
Item | Column 1 | Column 2 | Column 3 |
Accounts Payable | |||
Accounts Receivable | |||
Accumulated Depreciation - Equipment | |||
Additional Paid-in Capital | |||
Allowance for Doubtful Accounts | |||
Bad Debt Expense | |||
Bond Discount | |||
Bonds Payable | |||
Building | |||
Cash | |||
Common Stock | |||
Cost of Goods Sold | |||
Current Portion of Long Term Debt | |||
Depreciation Expense | |||
Franchise | |||
Gain on Sale of Equipment | |||
Goodwill | |||
Gross Profit | |||
Income Tax Expense | |||
Insurance Expense | |||
Interest Expense | |||
Interest Payable | |||
Land | |||
Merchandise Inventory | |||
Notes Payable, due in 3 years | |||
Office Equipment | |||
Patent | |||
Preferred Stock | |||
Prepaid Insurance | |||
Rent Expense | |||
Retained Earnings | |||
Salaries Expense | |||
Sales | |||
Sales Discounts | |||
Sales Returns and Allowances | |||
Sales Tax Payable | |||
Service Revenue | |||
Short Term Investments | |||
Treasury Stock | |||
Unearned Revenue |