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  • Normal Acc Balance

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    Ravi Shankar S
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    Accounts receivable accumulated depreciation-equipment-trucks advertising expense equipment cash common stock cost of goods sold depreciations expense dividends trucks income tax expense income taxes payable insurance expense interest income interest payable. Mortgage payable ($9,270 due this year) prepaid insurance retained earnings salaries and wages expense Salaries and Wages payable short-term investments supplies supplies expense unearned revenue utilities expense allowance for Doubtful accounts.

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    Accounts receivable accumulated depreciation-equipment-trucks advertising expense equipment cash common stock cost of goods sold depreciations expense dividends trucks income tax expense income taxes payable insurance expense interest income interest payable. Mortgage payable ($9,270 due this year) prepaid insurance retained earnings salaries and wages expense Salaries and Wages payable short-term investments supplies supplies expense unearned revenue utilities expense allowance for Doubtful accounts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    15 views1 page

    Normal Acc Balance

    Uploaded by

    Ravi Shankar S
    Accounts receivable accumulated depreciation-equipment-trucks advertising expense equipment cash common stock cost of goods sold depreciations expense dividends trucks income tax expense income taxes payable insurance expense interest income interest payable. Mortgage payable ($9,270 due this year) prepaid insurance retained earnings salaries and wages expense Salaries and Wages payable short-term investments supplies supplies expense unearned revenue utilities expense allowance for Doubtful accounts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Account Title accounts receivable accumulated depreciation-equipment accumulated depreciation-trucks advertising expense equipment cash common stock cost

    of goods sold depreciation expense dividends trucks income tax expense income taxes payable insurance expense interest expense interest income interest payable interest receivable land long-term investment in stock gain on sale of equipment merchandise inventory mortgage payable ($9,270 due this year) Notes Payable (due in 3 months) Notes Receivable (due in 6 months) Prepaid Insurance Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Sales Returns and Allowances, Sales Discounts Short-term Investments Supplies Supplies Expense Unearned Revenue Utilities Expense Allowance for Doubtful Accounts Discount on bonds payable Treasury stock

    Nature of Balance debit credit (contra-asset) credit (contra-asset) debit debit debit credit debit debit debit debit debit credit debit debit credit (where does this go?) credit debit debit debit credit debit credit credit debit debit credit debit credit credit debit (contra-revenue to sales) debit debit debit credit debit credit (contra-asset to A/R) debit (contra-liability from bonds payable) debit (contra-equity to total shareholders' equity)

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