Classification of Accounts

Account Title
Accounts Payable Accounts Receivable Accumulated Depreciation Accumulated Depletion Advertising Expense Allowance for Doubtful Acct. Amortization Expense Bonds Payable Building Capital Capital Stock Cash Cash Dividends Cash Dividends Payable Common Stock Cost of Merchandise (Goods) Sold Deferred Income Tax Payable Depletion Expense Discount on Bonds Payable Dividend Revenue Dividends Donated Capital Employees Federal Income Tax Payable Equipment Exchange Gain Exchange Loss Factory Overhead (overapplied) Factory Overhead (underapplied) Federal Income Tax Payable Federal Unemployment Tax Payable Finished Goods Gain on Disposal of Fixed Assets Gain on Redemption of Bonds Gain on Sale of Investments Goodwill Intangible Income Tax Expense Income Tax Payable Insurance Expense Interest Expense Interest Receivable Interest Revenue Investment in Bonds Investment in Stocks Investment in Subsidiary Land Loss on Disposal of Fixed Assets Loss on Redemption of Bonds Loss on Sale of Investments Marketable Securities Materials Medicare Tax Payable Merchandise Inventory Notes Payable Notes Receivable Organization Costs Patents Paid-in Capital from Sale of Treasury Stock Paid-in Capital in excess of Par

Account Classification
Current liability Current Asset Fixed Asset Fixed Asset Operating Expense Current Asset Operating Expense Long-term liability Fixed Asset Owners Equity Stockholders equity Current Asset Stockholders equity Current Liability Stockholders Equity Cost of Merchandise (goods sold) Current liability/Long-Term Liability Operating Expense Long-term liability Other Income Stockholders Equity Stockholders Equity Current liability Fixed Asset Other Income Other Expense Deferred credit Deferred debit Current liability Current liability Current asset Other Income Extraordinary item Other Income Asset Income Tax Current Liability Operating Expense Other Expense Current asset Other Income Investment Investment Investment Fixed Asset Other Expense Extraordinary item Other Expense Current Asset Current Asset Current liability Current Asset/Cost of Merchandise sold Current liability/Long-term Liability Current asset/investment Intangible Asset Intangible Asset Stockholders equity Stockholders equity

NormalFinancial Balance Statement

Credit Debt Credit Credit Debit Credit Debit Credit Debit Credit Credit Debit Debit Credit Credit Debit Credit Debit Debit Credit Debit Credit Credit Debit Credit Debit Credit Debit Credit Credit Debit Credit Credit Credit Debit Debit Credit Debit Debit Debit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit Credit Debit Credit Debit Debit Debit Credit Credit Balance Sheet Balance Sheet Balance Sheet Balance Sheet Income Statement Balance Sheet Income Statement Balance Sheet Balance Sheet Statement of Owners Equity Balance Sheet Balance Sheet Retained Earnings Statement Balance Sheet Balance Sheet Income Statement Balance 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 Income Statement Income Statement Income Statement Balance Sheet Income Statement Balance Sheet Income Statement Income Statement Balance Sheet Income Statement Balance Sheet Balance Sheet Balance Sheet Balance Sheet Income Statement Income Statement Income Statement Balance Sheet Balance Sheet Balance Sheet Balance Sheet/Income Statement Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet

Account
Title Classification
Payroll Tax Expense Pension Expense Petty Cash Premium on Bonds Payable Prepaid Insurance Prepaid Rent Preferred Stock Purchases Purchases Discounts Purchases Returns and allowances Rent Expense Rent Revenue Retained Earnings Salaries Expense Salaries Payable Sales Sales Discounts Sales Returns and Allowances Sales Tax Payable Sinking Fund Cash Sinking Fund Investments Social Security Tax Payable State Unemployment Tax Payable Stock Dividends Stock Dividends Distributable Supplies Supplies Expense Transportation In Transportation Out Treasury Stock Uncollectible Accounts Expense Unearned Rent Utilities Expense Vacation Pay Expense Vacation Pay Payable Work In Process

Account
Balance
Operating Expense Operating Expense 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 Stockholders equity Operating expense Current liability Revenue from sales Revenue from sales Revenue from Sales Current Liability Investment Investment Current Liability Current Liability Stockholders Equity Stockholders Equity Current Asset Operating expense Cost of merchandise sold Operating expense Stockholders equity Operating Expense Current Liability Operating Expense Operating Expense Current Liability/LongTerm Liability Current Asset

NormalFinancial
Statement
Debit Debit Debit Credit Debit Debit Credit Debit Credit Credit Debit Credit Credit Debit Credit Credit Debit Debit Credit Debit Debit Credit Credit Debit Credit Debit Debit Debit Debit Debit Debit Credit Debit Debit Credit Debit Income Statement Income Statement Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet Income Statement Income Statement Income Statement Income Statement Income Statement Balance Sheet/ Retained Earnings Income Statement Balance Sheet Income Statement Income Statement Income Statement Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet Retained Earnings Balance Sheet Balance Sheet Income Statement Income Statement Income Statement Balance Sheet Income Statement Balance Sheet Income Statement Income Statement Balance Sheet Balance Sheet