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Quiz 1

Cash (money orders, checks, checking, savings, petty)

Asset. Balance Sheet. Real. Debit NAB.

Cash Equivalents (=<3 month)

Asset. Balance Sheet. Real. Debit NAB.

Trading

Asset. Balance Sheet. Real. Debit NAB.

Available-for-Sale Securities

Asset. Balance Sheet. Real. Debit NAB.

Accounts Receivable

Asset. Balance Sheet. Real. Debit NAB.

Trade Receivable

Asset. Balance Sheet. Real. Debit NAB.

Allowance for Doubtful Accounts

Contra-Asset. Balance Sheet. Real. Credit NAB.

Inventory

Asset. Balance Sheet. Real. Debit NAB.

Merchandise

Asset. Balance Sheet. Real. Debit NAB.

Purchase Discount

Contra-Asset. Balance Sheet. Real. Credit NAB.

Purchase Returns & Allowances

Contra-Asset. Balance Sheet. Real. Credit NAB.

Purchases

Asset. Balance Sheet. Real. Debit NAB.

Prepaid Expenses

Asset. Balance Sheet. Real. Debit NAB.

Notes Receivable

Asset. Balance Sheet. Real. Debit NAB.

Held-to-Maturity Investments

Asset. Balance Sheet. Real. Debit NAB.

PPE

Asset. Balance Sheet. Real. Debit NAB.

Land (not depreciated)

Asset. Balance Sheet. Real. Debit NAB.

Building

Asset. Balance Sheet. Real. Debit NAB.

Equipment

Asset. Balance Sheet. Real. Debit NAB.

Vehicles

Asset. Balance Sheet. Real. Debit NAB.

Furniture & Fixtures

Asset. Balance Sheet. Real. Debit NAB.

Accumulated Depreciation

Contra-Asset. Balance Sheet. Real. Credit NAB.

Intangibles

Asset. Balance Sheet. Real. Debit NAB.

Goodwill

Asset. Balance Sheet. Real. Debit NAB.

Patterns & Copyrights

Asset. Balance Sheet. Real. Debit NAB.

License, Franchise, & Other Legal Rights

Asset. Balance Sheet. Real. Debit NAB.

Accumulated Amortization

Contra-Asset. Balance Sheet. Real. Credit NAB.

Deferred Tax Asset

Asset. Balance Sheet. Real. Debit NAB.

Accounts Payable

Liability. Balance Sheet. Real. Credit NAB.

Unearned Revenue

Liability. Balance Sheet. Real. Credit NAB.

Unearned Fees

Liability. Balance Sheet. Real. Credit NAB.

Interest Payable

Liability. Balance Sheet. Real. Credit NAB.

Dividends Payable

Liability. Balance Sheet. Real. Credit NAB.

Income Tax Payable

Liability. Balance Sheet. Real. Credit NAB.

Salaries/Wages Payable

Liability. Balance Sheet. Real. Credit NAB.

Deposits

Liability. Balance Sheet. Real. Credit NAB.

Notes Payable

Liability. Balance Sheet. Real. Credit NAB.

Mortgage Payable

Liability. Balance Sheet. Real. Credit NAB.

Bonds Payable

Liability. Balance Sheet. Real. Credit NAB.

Premium on Bonds Payable

Liability. Balance Sheet. Real. Credit NAB.

Discounts on Bonds Payable

Contra-Liability. Balance Sheet. Real. Debit NAB.

Warranty Payable

Liability. Balance Sheet. Real. Credit NAB.

Deferred Tax Liability

Liability. Balance Sheet. Real. Credit NAB.

Paid-in Capital

SH Equity. Balance Sheet. Real. Credit NAB.

Contributed Capital

SH Equity. Balance Sheet. Real. Credit NAB.

Common Stock

SH Equity. Balance Sheet. Real. Credit NAB.

Additional Paid-in-Capital CS

SH Equity. Balance Sheet. Real. Credit NAB.

Preferred Stock

SH Equity. Balance Sheet. Real. Credit NAB.

Additional Paid-in-Capital PS

SH Equity. Balance Sheet. Real. Credit NAB.

Retained Earnings

SH Equity. Balance Sheet. Real. Credit NAB.

Treasury Stock

Contra-SH Equity. Balance Sheet. Real. Debit NAB.

Sales

Revenues. IS. Nominal. Credit NAB.

Sales Discounts

Contra-Revenue. IS. Nominal. Debit NAB.

Sales Returns & Allowances

Contra-Revenue. IS. Nominal. Debit NAB.

Fees

Revenue. IS. Nominal. Credit NAB.

Interest Revenue

Revenue. IS. Nominal. Credit NAB.

Dividend Revenue

Revenue. IS. Nominal. Credit NAB.

Rent Revenue

Revenue. IS. Nominal. Credit NAB.

Lease Revenue

Revenue. IS. Nominal. Credit NAB.

Gain

Revenue. IS. Nominal. Credit NAB.

COGS

Expense. IS. Nominal. Debit NAB.

Cost of Sales

Expense. IS. Nominal. Debit NAB.

Supplies Expense

Expense. IS. Nominal. Debit NAB.

Rent Expense

Expense. IS. Nominal. Debit NAB.

Insurance Expense

Expense. IS. Nominal. Debit NAB.

Bad Debit

Expense. IS. Nominal. Debit NAB.

Warranty Expense

Expense. IS. Nominal. Debit NAB.

Depreciation Expense

Expense. IS. Nominal. Debit NAB.

Amortization Expense

Expense. IS. Nominal. Debit NAB.

Depletion Expense

Expense. IS. Nominal. Debit NAB.

Salaries/Wage Expense

Expense. IS. Nominal. Debit NAB.

R&D Expense

Expense. IS. Nominal. Debit NAB.

Selling, Marketing, Advertising Expense

Expense. IS. Nominal. Debit NAB.

General, Administrative, Misc Expense

Expense. IS. Nominal. Debit NAB.

Interest Expense

Expense. IS. Nominal. Debit NAB.

Income Tax Expense

Expense. IS. Nominal. Debit NAB.

Loss

Expense. IS. Nominal. Debit NAB.

Dividends on Common Stock

Dividends. RE. Nominal. Debit NAB.

Dividends on Preferred Stock

Dividends. RE. Nominal. Debit NAB.

ASSETS

BS, Real, Debit NAB.

LIABILITIES

BS, Real, Credit NAB.

SH EQUITY

BS, Real, Credit NAB.

REVENUES

IS, Nominal, Credit NAB.

EXPENSES

IS, Nominal, Debit NAB.

DIVIDENDS

RE, Nominal, Debit NAB.

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