Chapter 10 Review of Accounts and Self Test

Chapter 10 Review of Accounts and Self Test - Summary of...

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Summary of Accounts Introduced in Solid Footing Type of Account? Asset Appears on Liability Which Financial Equity Statement? Revenue Balance Sheet Expense Income Statement Normal Is the Account Dividends Neither B/S or I/S Balance Closed? Assets: Cash Asset Balance Sheet Debit No Accounts Receivable Asset Balance Sheet Debit No Rent Receivable Asset Balance Sheet Debit No Interest Receivable Asset Balance Sheet Debit No Inventory Asset Balance Sheet Debit No Supplies Asset Balance Sheet Debit No Prepaid Rent Asset Balance Sheet Debit No Prepaid Insurance Asset Balance Sheet Debit No Prepaid Maintenance Asset Balance Sheet Debit No Equipment Asset Balance Sheet Debit No Accumulated Depreciation Asset Balance Sheet Credit No Liabilities: Accounts Payable Liability Balance Sheet Credit No Wages Payable Liability Balance Sheet Credit No Interest Payable Liability Balance Sheet Credit No Note Payable Liability Balance Sheet Credit No Unearned Revenue Liability Balance Sheet Credit No Dividends Payable Liability Balance Sheet Credit No Equity: Common Stock Equity Balance Sheet Credit No Retained Earnings Equity
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This note was uploaded on 10/12/2008 for the course ACCT 111 taught by Professor Lee during the Spring '08 term at Ill. Chicago.

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Chapter 10 Review of Accounts and Self Test - Summary of...

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