Accounting Entries

2/27/24, 1:04 PM ChatGPT
Providing 100 specific accounting entries can be exhaustive, but I can provide a diverse range of
entries covering various transactions and events. Here's a list of 100 accounting entries:
Sale of goods on credit:

Debit: Accounts Receivable
Credit: Sales Revenue
Collection of accounts receivable:
Debit: Cash or Bank
Credit: Accounts Receivable
Purchase of inventory on credit:
Debit: Inventory
Credit: Accounts Payable
Payment of accounts payable:
Debit: Accounts Payable
Credit: Cash or Bank
Cash sales:
Debit: Cash or Bank
Credit: Sales Revenue
Purchase of equipment for cash:
Debit: Equipment
Depreciation expense on equipment:
Debit: Depreciation Expense
Credit: Accumulated Depreciation - Equipment
Accrual of interest expense:
Debit: Interest Expense
Credit: Interest Payable
Payment of interest:
Sale of fixed asset:
Debit: Cash or Bank
Credit: Fixed Asset, Gain on Sale of Asset
Purchase of office supplies for cash:
Debit: Office Supplies
Recognition of office supply expense:
Debit: Office Supplies Expense
Credit: Office Supplies
Payment of utility bills:
https://chat.openai.com/c/969d0293-0efc-4487-b445-c93a5dce2ba6 1/8
2/27/24, 1:04 PM ChatGPT
Debit: Utility Expense

Accrual of salaries expense:
Debit: Salaries Expense
Credit: Salaries Payable
Payment of salaries:
Debit: Salaries Payable
Recording bad debts:
Debit: Bad Debts Expense
Credit: Allowance for Doubtful Accounts
Reversal of bad debt previously written off:
Debit: Allowance for Doubtful Accounts
Purchase of investments:
Debit: Investments
Dividend income received:
Debit: Cash or Bank
Credit: Dividend Income
Payment of dividends:
Debit: Retained Earnings
Sale of investments:
Debit: Cash or Bank
Credit: Investments
Recognition of income taxes expense:
Debit: Income Taxes Expense
Credit: Income Taxes Payable
Payment of income taxes:
Debit: Income Taxes Payable
Accrual of rent expense:
Debit: Rent Expense
Credit: Rent Payable
Payment of rent:
Debit: Rent Payable
Recognition of warranty expense:
Debit: Warranty Expense
2/27/24, 1:04 PM ChatGPT
Credit: Warranty Liability

Utilization of warranty provision:
Debit: Warranty Liability
Credit: Inventory or Cash
Reversal of warranty provision:
Credit: Warranty Expense
Recording depreciation on buildings:
Debit: Depreciation Expense
Credit: Accumulated Depreciation - Buildings
Purchase of land for cash:
Debit: Land
Transfer of funds from one bank account to another:
Debit: Bank Account 1
Credit: Bank Account 2
Recognition of advertising expense:
Debit: Advertising Expense
Purchase of patents:
Debit: Patents
Amortization of patents:
Debit: Amortization Expense
Credit: Patents
Recognition of goodwill:
Debit: Goodwill
Recognition of amortization of goodwill:
Debit: Amortization Expense
Credit: Goodwill
Payment of long-term debt principal:
Debit: Long-term Debt
Recognition of revenue from long-term contracts:
Credit: Revenue from Contracts
Recognition of warranty liability:
Credit: Estimated Warranty Liability
2/27/24, 1:04 PM ChatGPT
Recording sales returns:

Debit: Sales Returns and Allowances
Recording purchase returns:
Debit: Accounts Payable
Credit: Purchase Returns and Allowances
Accrual of interest income:
Debit: Interest Receivable
Credit: Interest Income
Payment of insurance premium:
Debit: Insurance Expense
Accrual of insurance expense:
Debit: Insurance Expense
Credit: Prepaid Insurance
Recognition of income from investments:
Debit: Cash or Bank
Credit: Investment Income
Write-off of obsolete inventory:
Debit: Cost of Goods Sold
Credit: Inventory
Reversal of write-off of obsolete inventory:
Debit: Inventory
Credit: Cost of Goods Sold
Transfer of inventory between locations:
Debit: Inventory at Location B
Credit: Inventory at Location A
Accrual of interest revenue:
Debit: Interest Receivable
Credit: Interest Income
Recording freight-in costs:
Debit: Inventory
Recognition of prepaid expense:
Debit: Prepaid Expense
Adjustment of prepaid expenses:
Debit: Expense Account
Credit: Prepaid Expense
Recording stock issuance:
Debit: Cash or Bank
2/27/24, 1:04 PM ChatGPT
Credit: Common Stock

Recognition of stock dividends:
Credit: Common Stock Dividends Distributable
Sale of treasury stock:
Debit: Cash or Bank
Credit: Treasury Stock, Additional Paid-in Capital - Treasury Stock
Issuance of bonds at par:
Debit: Cash or Bank
Credit: Bonds Payable
Issuance of bonds at premium:
Debit: Cash or Bank
Credit: Bonds Payable, Premium on Bonds Payable
Issuance of bonds at discount:
Debit: Cash or Bank
Credit: Bonds Payable, Discount on Bonds Payable
Payment of dividends in stock:
Credit: Common Stock Dividends Distributable, Additional Paid-in Capital - Common Stock
Retirement of bonds at maturity:
Debit: Bonds Payable
Retirement of bonds before maturity at a premium:
Debit: Bonds Payable, Premium on Bonds Payable
Credit: Cash or Bank, Gain on Retirement of Bonds
Retirement of bonds before maturity at a discount:
Debit: Bonds Payable, Loss on Retirement of Bonds
Credit: Cash or Bank, Discount on Bonds Payable
Accrual of sales tax:
Debit: Sales Tax Receivable
Credit: Sales Tax Payable
Payment of sales tax:
Debit: Sales Tax Payable
Transfer of funds from checking to savings account:
Debit: Savings Account
Credit: Checking Account
Recognition of earned revenue for a subscription service:
Debit: Deferred Revenue
Credit: Revenue
2/27/24, 1:04 PM ChatGPT
Adjustment of deferred revenue:

Debit: Deferred Revenue
Credit: Revenue
Recognition of earned revenue for gift cards:
Debit: Deferred Revenue (Gift Card Liability)
Credit: Revenue
Recognition of revenue from gift cards redeemed:
Debit: Gift Card Liability
Credit: Revenue
Write-down of inventory:
Debit: Cost of Goods Sold
Credit: Inventory Write-down
Reversal of inventory write-down:
Debit: Inventory Write-down
Credit: Cost of Goods Sold
Recording a stock split:
Credit: Common Stock, Additional Paid-in Capital - Common Stock
Reversal of stock split:
Debit: Common Stock, Additional Paid-in Capital - Common Stock
Credit: Retained Earnings
Recording a stock dividend:
Credit: Common Stock Dividends Distributable
Reversal of stock dividend:
Debit: Common Stock Dividends Distributable
Credit: Retained Earnings
Recognition of earned revenue for services rendered:
Credit: Service Revenue
Accrual of commission expense:
Debit: Commission Expense
Credit: Accrued Liabilities
Payment of commissions:
Debit: Accrued Liabilities
Recognition of contingent liability:
Debit: Contingent Liability
Credit: Contingent Liability Reserve
Settlement of contingent liability:
Debit: Contingent Liability Reserve
2/27/24, 1:04 PM ChatGPT

Recording a merger:
Debit: Assets acquired
Credit: Liabilities assumed, Common Stock
Recognition of a gain on bargain purchase in a merger:
Debit: Assets acquired
Credit: Gain on Bargain Purchase
Recording a spin-off:
Debit: Assets transferred
Credit: Liabilities transferred, Common Stock
Recognition of impairment loss on goodwill:
Debit: Impairment Loss
Credit: Goodwill
Recording a capital lease:
Debit: Fixed Asset (leased asset)
Credit: Lease Liability
Recognition of interest expense on capital lease:
Credit: Lease Liability
Recognition of lease amortization:
Debit: Lease Liability
Credit: Interest Expense, Principal Payment
Reversal of allowance for doubtful accounts:
Debit: Allowance for Doubtful Accounts
Credit: Bad Debts Expense
Recording a customer deposit:
Debit: Cash or Bank
Credit: Unearned Revenue
Recognition of revenue from customer deposit:
Debit: Unearned Revenue
Credit: Revenue
Recording a lawsuit settlement payment:
Debit: Legal Expense
Recognition of gain on lawsuit settlement:
Debit: Cash or Bank
Credit: Gain on Lawsuit Settlement
Recording a loss on lawsuit settlement:
Debit: Loss on Lawsuit Settlement
2/27/24, 1:04 PM ChatGPT
Recording a donation received:

Debit: Cash or Bank
Credit: Donation Revenue
Recognition of donated assets:
Debit: Fixed Asset (donated asset)
Credit: Donation Revenue
Recording a grant received:
Debit: Cash or Bank
Credit: Grant Revenue
Recognition of grant income:
Debit: Cash or Bank
Credit: Grant Revenue
Recording a grant expense:
Debit: Grant Expense
Recording a stock option grant:
Debit: Compensation Expense
Credit: Additional Paid-in Capital - Stock Options
Exercise of stock options:
- Debit: Cash or Bank
- Credit: Common Stock, Additional Paid-in Capital - Stock Options

Accounting Entries

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Accounting Entries

Uploaded by

Copyright:

Available Formats

2/27/24, 1:04 PM ChatGPT

Sale of goods on credit:

Debit: Utility Expense

Credit: Warranty Liability

Recording sales returns:

Credit: Common Stock

Adjustment of deferred revenue:

Credit: Cash or Bank

Recording a donation received:

You might also like