Classification of Accounts Account Title

Accounts Payable Accounts Receivable Accumulated Depreciation Accumulated Depletion Advertising Expense Amortization Expense Appropri ati on for___________

Account Classification
Current liability Current asset Plant asset Plant asset Operating expense Operating expense Stockholders equity

Normal Balance

Financial Statement
Balance sheet Balance sheet Balance sheet Balance sheet Income statement Balance sheet Income statement Retained earnings statement/ Balance sheet Balance sheet Balance sheet Statement of owners equity/ Balance sheet Balance sheet Balance sheet Retained earnings statement Balance sheet Balance sheet Income statement

Credit Debt Credit Credit Debit Credit Debit Credit

Al l ow ance for Doubtful Accounts C urrent asset

Bonds Payable Building ___________Capital

Long term li abi l i ty Plant asset Owners equity

Credit Debit Credit

Capital Stock Cash Cash Dividends Cash Dividends Payable Common Stock Cost of Merchandise (Goods) Sold

Stockholders equity Current asset Stockholders equity Current liability Stockholders equity Cost of merchandise(goods sold)

Credit Debit Debit Credit Credit Debit

D eferred Income Tax Depletion Expense Discount on Bonds Payable D i vi dend Income Dividends Donated Capital Empl oyees Federal Income Tax Payable Equipment Exchange Gai n Exchange Loss Factory/Overhead (Overapplied) Factory Overhead (Underapplied) Federal Income Tax Payabl e Federal Unempl oyment Tax Payable FIC A Tax Payabl e Fi ni shed Goods Gain on Disposal of Plant Assets Gain on Redemption of Bonds Gai n on Sal e of Investments Goodwill Income Tax Income Tax Payabl e

C urrent Li abi l i ty/Long term liability Operating expense Long term li abi l i ty Other income Stockholders equity Stockholders equity Current liability Plant asset Other income Other expense Deferred credit Deferred debit Current liability Current liability Current liability Current asset Other income Extraordinary item Other income Intangible asset Income tax Current liability

Credit Debit Debit Credit Debit Credit Credit Debit Credit Debit Credit Debit Credit Credit Credit Debit Credit Credit Credit Debit Debit Credit

Bal ance sheet Income statement Balance sheet Income statement Retained earnings statement Balance sheet Balance sheet Balance sheet Income statement Income statement Balance sheet (interim) Balance sheet (interim) Balance sheet Balance sheet Balance sheet Balance sheet Income statement Income statement Income statement Balance sheet Income statement Balance sheet

Insurance Expense Interest Expense Interest Income Interest Receivable Investment in Bonds Investment in Stocks Investment in Subsidiary Land Loss on Disposal of Plant Assets Loss on Redemption Bonds Loss on Sal e of Investments Marketable Securities Materials Merchandi se Inventory Notes Payable Notes Receivable Organization Costs Patents Pai d-In Capi tal from Sal e of Treasury Stock Paid-In Capital in Excess of Par (Stated Value) Payrol l Tax Expense Pension Expense

Operating expense Other expense Other income Current asset Investment Investment Investment Plant asset Other expense Extraordinary item Other expense Current assets Current asset Current asset/Cost of merchandise sold C urrent li abi l i ty/Long- term liability Current asset/Investment Intangible asset Intangible asset Stockholders equity Stockholders equity Operating expense Operating expense

Debit Debit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Credit Debit Debit Debit Credit Credit Debit Debit

Income statement Income statement Income statement Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Income statement Income statement Income statement Balance sheet Balance sheet Balance sheet/Income statement Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Income statement Income statement

Petty Cash Premium on Bonds Payable Prepai d Insurance Prepaid Rent Preferred Stock Purchases Purchases Discounts Purchases Returns and Allowances Rent Expense R ent Income Retained Earnings Salaries Expense Salaries Payable Sales Sales Discounts Sales Returns and Allowances Sal es Tax Payabl e Si nki ng Fund Cash Si nki ng Fund Investments State Unempl oyment Tax Payable Stock Dividends Stock Dividends Distributable Supplies

Current asset Long-term liability Current asset Current asset Stockholders equity Cost of Merchandise sold Cost of merchandise sold Cost of merchandise sold Operating expense Other income Shareholders equity Operating expense Current liability R evenue from sal es R evenue from sal es R evenue from sal es Current liability Investment Investment Current liability Stockholders equity Stockholders equity Current Asset

Debit Credit Debit Debit Credit Debit Credit Credit Debit Credit Credit Debit Credit Credit Debit Debit Credit Debit Debit Credit Debit Credit Debit

Balance sheet Balance sheet Balance sheet Balance sheet Balance sheet Income statement Income statement Income statement Income statement Income statement Balance sheet/Retained earnings statement Income statement Balance sheet Income statement Income statement Income statement Balance sheet Balance sheet Balance sheet Balance sheet Retained earnings statement Balance sheet Balance sheet

Supplies Expense Transportati on In Treasury Stock Uncollectible Accounts Expense Unearned Rent Utilities Expense Vacation Pay Expense Vacation Pay Payable Work in Process

Operating expense Cost of merchandise sold Stockholders equity Operating expense Current liability Operating expense Operating expense C urrent li abi l i ty/Long- term liability Current asset

Debit Debit Debit Debit Credit Debit Debit Credit Debit

Income statement Income statement Balance sheet Income statement Balance sheet Income statement Income statement Balance sheet Balance sheet