Account Tracking form provided: Account Title -> copy the name of the accounts f
ID: 2417514 • Letter: A
Question
Account Tracking form provided:
Account Title -> copy the name of the accounts from the list below
Account Major Classification -> Asset (A), Liability (L), Owner’s Equity (OE), Revenue (R) or Expense (E) or Not Applicable (NA)
Contra account -> place a check mark in this column if the item is a contra account
Account Sub Classification -> only to be used with Asset and Liability accounts; Current Asset (CA); Property, Plant & Equipment (PPE); Current Liability (CL), Long-term Liability (LTL) or Not Applicable (NA)
Normal Balance -> debit (DR), credit (CR) or Not Applicable (NA)
Financial Statement-> Income Statement (IS), Statement of Owner’s Equity (SOE), Balance Sheet (BS) or Not Applicable (NA)
Temporary or Permanent -> T for temporary (nominal) accounts and P for permanent (real) accounts
Accounts Payable
Accounts Receivable
Accumulated Depreciation
Advertising Expense
Buildings
Cash
Depreciation Expense
Fees Earned
Income Summary
Insurance Expense
Interest Payable (due in 1 month)
Interest Receivable (due in 2 months)
Joey Bee, Capital
Joey Bee, Drawing
Land
Notes Payable (due in 3 years)
Notes Receivable (due in 2 months)
Office Equipment
Prepaid Insurance
Prepaid Rent
Rent Expense
Notes Payable (due in 2 months)
Store Equipment
Supplies
Supplies Expense
Taxes Payable (due in 4 months)
Unearned Fees
Unearned Rent
Unearned Revenue
Wages Payable
Accounts Payable
Accounts Receivable
Accumulated Depreciation
Advertising Expense
Buildings
Cash
Depreciation Expense
Fees Earned
Income Summary
Insurance Expense
Interest Payable (due in 1 month)
Interest Receivable (due in 2 months)
Joey Bee, Capital
Joey Bee, Drawing
Land
Notes Payable (due in 3 years)
Notes Receivable (due in 2 months)
Office Equipment
Prepaid Insurance
Prepaid Rent
Rent Expense
Notes Payable (due in 2 months)
Store Equipment
Supplies
Supplies Expense
Taxes Payable (due in 4 months)
Unearned Fees
Unearned Rent
Unearned Revenue
Wages Payable
Explanation / Answer
Account titles
Account Major Classification
Contra account
Account Sub Classification
Normal Balance
Financial Statement
Accounts Payable
L
CL
CR
BS
Accounts Receivable
A
CA
DR
BS
Accumulated Depreciation
L
CL
CR
BS
Advertising Expense
E
NA
CR
IS
Buildings
A
PPE
DR
BS
Cash
A
CONTRA
CA
DR
BS
Depreciation Expense
E
NA
CR
IS
Fees Earned
R
NA
DR
IS
Income Summary
NA
NA
NA
NA
Insurance Expense
E
NA
CR
IS
Interest Payable (due in 1 month)
L
CL
CR
BS
Interest Receivable (due in 2 months)
A
CA
DR
BS
Joey Bee, Capital
OE
NA
CR
SOE
Joey Bee, Drawing
OE
NA
DR
SOE
Land
A
FA/PPE
DR
BS
Notes Payable (due in 3 years)
L
CL
CR
BS
Notes Receivable (due in 2 months)
A
CA
DR
BS
Office Equipment
A
PPE
DR
BS
Prepaid Insurance
A
CA
DR
BS
Prepaid Rent
A
CA
DR
BS
Rent Expense
E
NA
CR
IS
Notes Payable (due in 2 months)
L
CL
CR
BS
Store Equipment
A
PPE
DR
BS
Supplies
A
CA
DR
BS
Supplies Expense
E
NA
CR
IS
Taxes Payable (due in 4 months)
L
CL
CR
BS
Unearned Fees
L
CL
CR
BS
Unearned Rent
L
CL
CR
BS
Unearned Revenue
L
CL
CR
BS
Wages Payable
L
CL
CR
BS
Account titles
Account Major Classification
Contra account
Account Sub Classification
Normal Balance
Financial Statement
Accounts Payable
L
CL
CR
BS
Accounts Receivable
A
CA
DR
BS
Accumulated Depreciation
L
CL
CR
BS
Advertising Expense
E
NA
CR
IS
Buildings
A
PPE
DR
BS
Cash
A
CONTRA
CA
DR
BS
Depreciation Expense
E
NA
CR
IS
Fees Earned
R
NA
DR
IS
Income Summary
NA
NA
NA
NA
Insurance Expense
E
NA
CR
IS
Interest Payable (due in 1 month)
L
CL
CR
BS
Interest Receivable (due in 2 months)
A
CA
DR
BS
Joey Bee, Capital
OE
NA
CR
SOE
Joey Bee, Drawing
OE
NA
DR
SOE
Land
A
FA/PPE
DR
BS
Notes Payable (due in 3 years)
L
CL
CR
BS
Notes Receivable (due in 2 months)
A
CA
DR
BS
Office Equipment
A
PPE
DR
BS
Prepaid Insurance
A
CA
DR
BS
Prepaid Rent
A
CA
DR
BS
Rent Expense
E
NA
CR
IS
Notes Payable (due in 2 months)
L
CL
CR
BS
Store Equipment
A
PPE
DR
BS
Supplies
A
CA
DR
BS
Supplies Expense
E
NA
CR
IS
Taxes Payable (due in 4 months)
L
CL
CR
BS
Unearned Fees
L
CL
CR
BS
Unearned Rent
L
CL
CR
BS
Unearned Revenue
L
CL
CR
BS
Wages Payable
L
CL
CR
BS
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