Accts and Balances (teachers sheet)
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| TYPICAL BALANCE & SHEET: Prepaid expense | Debit-BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Property plant equipment | Debit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Common stock | Credit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Mortgage payable | Credit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Intangibles | Debit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Long-term investments | Debit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Inventory | Debit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Tax expense | Debit-INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Wages payable | Credit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Depreciation expense | Debit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Accumulated depreciation | Credit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Cost of goods sold | Debit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Interest revenue | Credit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Extraordinary gain | Credit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Selling expense | Debit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Sales discount | Debit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Copyrights | Debit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Sales | Credit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Sales returns and allowances | Debit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Cash | Debit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Retained earnings | Credit-STOCK HOLDER’S EQUITY & BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Taxes payable | Credit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Extraordinary loss | Debit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Interest Expense | Debit- INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Unearned revenue | Credit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Additional paid in capital | Credit- BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Allowance for doubtful accounts | Credit – BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Service revenue | Credit – INCOME STATEMENT
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| TYPICAL BALANCE & SHEET: Land | Debit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Prepaid expense | Debit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Marketable Securities | Debit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Goodwill | Debit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: EPS | Income Statement
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| TYPICAL BALANCE & SHEET: Accounts Receivable | Debit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Prepaid Insurance | Debit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Dividends | Debit – STOCKHOLDER’S EQUITY
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| TYPICAL BALANCE & SHEET: Leasehold | Debit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Organization costs | Debit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Rent received in advance | Credit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Deferred income tax liability | Debit AND Credit - BALANCE SHEET
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| TYPICAL BALANCE & SHEET: Treasury Shares | Debit - BALANCE SHEET
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| ACCOUNT TYPE: Prepaid expense | ASSET
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| ACCOUNT TYPE: Property plant equipment | ASSET
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| ACCOUNT TYPE: Common stock | EQUITY
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| ACCOUNT TYPE: Mortgage payable | LIABILITY
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| ACCOUNT TYPE: Intangibles | ASSET
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| ACCOUNT TYPE: Long-term investments | ASSET
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| ACCOUNT TYPE: Inventory | ASSET
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| ACCOUNT TYPE: Tax expense | EXPENSE
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| ACCOUNT TYPE: Wages payable | LIABILITY
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| ACCOUNT TYPE: Depreciation expense | EXPENSE
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| ACCOUNT TYPE: Accumulated depreciation | CONTRA ASSET
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| ACCOUNT TYPE: Cost of goods sold | EXPENSE
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| ACCOUNT TYPE: Interest revenue | REVENUE
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| ACCOUNT TYPE: Extraordinary gain | REVENUE/GAIN
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| ACCOUNT TYPE: Selling expense | EXPENSE
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| ACCOUNT TYPE: Sales discount | CONTRA REVENUE
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| ACCOUNT TYPE: Copyrights | ASSET
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| ACCOUNT TYPE: Sales | EXPENSE
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| ACCOUNT TYPE: Sales returns and allowances | CONTRA REVENUE
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| ACCOUNT TYPE: Cash | ASSET
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| ACCOUNT TYPE: Retained earnings | EQUITY
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| ACCOUNT TYPE: Taxes payable | LIABILITY
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| ACCOUNT TYPE: Extraordinary loss | EXPENSE/LOSS
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| ACCOUNT TYPE: Interest Expense | EXPENSE
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| ACCOUNT TYPE: Unearned revenue | LIABILITY
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| ACCOUNT TYPE: Additional paid in capital | EQUITY
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| ACCOUNT TYPE: Allowance for doubtful accounts | CONTRA ASSET
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| ACCOUNT TYPE: Service revenue | REVENUE
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| ACCOUNT TYPE: Land | ASSET
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| ACCOUNT TYPE: Prepaid expense | ASSET
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| ACCOUNT TYPE: Marketable Securities | ASSET
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| ACCOUNT TYPE: Goodwill | ASSET
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| ACCOUNT TYPE: EPS | DISCLOSURE ITEM
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| ACCOUNT TYPE: Accounts Receivable | ASSET
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| ACCOUNT TYPE: Prepaid Insurance | ASSET
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| ACCOUNT TYPE: Dividends | CONTRA EQUITY
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| ACCOUNT TYPE: Leasehold | ASSET
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| ACCOUNT TYPE: Organization costs | ASSET
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| ACCOUNT TYPE: Rent received in advance | LIABILITY
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| ACCOUNT TYPE: Deferred income tax liability | LIABILITY
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| ACCOUNT TYPE: Treasury Shares | CONTRA EQUITY
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
dimbooti
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