Account Title Classification Financial Statement Normal Balance

Accounts Payable Current Liability Balance Sheet Credit

Accounts Receivable Current Asset Balance Sheet Debit

Accumulated Depreciation-Buildings
Plant Asset-Contra Balance Sheet Credit

Accumulated Depreciation-Equipment
Plant Asset-Contra Balance Sheet Credit

Advertising Expense Operating Expense Income Statement Debit

Allowance for Doubtful Accounts

Current Asset-Contra Balance Sheet Credit

Amortization Expense Operating Expense Income Statement Debit

Bad Debt Expense Operating Expense Income Statement Debit

Bonds Payable Long-Term Liability Balance Sheet Credit

Buildings Plant Assets Balance Sheet Debit

Cash Current Asset Balance Sheet Debit

Common Stock Stockholders' Equity Balance Sheet Credit

Copyrights Intangible Asset Balance Sheet Debit

Cost of Goods Sold Cost of Goods Sold Income Statement Debit

Debt Investments Current/Long-Term InvestmentBalance Sheet Debit

Depreciation Expense Operating Expense Income Statement Debit

Discount on Bonds Payable Long-Term Liability-Contra Balance Sheet Debit

Dividends Temporary Account to Retained

Retained
EarningsEarnings Statement Debit

Dividends Payable Current Liability Balance Sheet Credit

Equipment Plant Asset Balance Sheet Debit

Freight-Out Operating Expense Income Statement Debit

Gain on Disposal of Plant Assets

Other Income Income Statement Credit

Goodwill Intangible Asset Balance Sheet Debit

Income Summary Temporary Account to Retained

Not
Earnings
Applicable (1)

Income Tax Expense Income Tax Expense Income Statement Debit

Income Taxes Payable Current Liability Balance Sheet Credit

Insurance Expense Operating Expense Income Statement Debit

Interest Expense Other Expense Income Statement Debit

Interest Payable Current Liability Balance Sheet Credit

Interest Receivable Current Asset Balance Sheet Debit

Interest Revenue Other Income Income Statement Credit

Inventory Current Asset Balance Sheet Debit

Land Plant Asset Balance Sheet Debit

Lease Liability Long-Term Liability Balance Sheet Credit

Licenses Intangible Asset Balance Sheet Debit

Maintenance Expense Operating Expense Income Statement Debit

Notes Payable Long-Term or Current Liability Balance Sheet Credit

Notes Receivable Current/Long-Term Asset Balance Sheet Debit

Office Supplies Current Asset Balance Sheet Debit

Office Supplies Expense Operating Expense Income Statement Debit

Payroll Tax Expense Operating Expense Income Statement Debit

Prepaid Insurance Current Asset Balance Sheet Debit

Prepaid Rent Current Asset Balance Sheet Debit

Rent Expense Operating Expense Income Statement Debit

Repairs Expense Operating Expense Income Statement Debit

Retained Earnings Stockholders' Equity Balance Sheet Credit

Salaries Expense Operating Expense Income Statement Debit

Salaries Payable Current Liability Balance Sheet Credit

Sales Discounts Revenue-Contra Income Statement Debit

Sales Returns and AllowancesRevenue-Contra Income Statement Debit

Sales Revenue Revenue Income Statement Credit

Service Revenue Revenue Income Statement Credit

Software Intangible Asset Balance Sheet Debit

Supplies Current Asset Balance Sheet Debit

Supplies Expense Operating Expense Income Statement Debit

Tax Payable Current Liability Balance Sheet Credit

Treasury Stock Stockholders' Equity-Contra Balance Sheet Debit

Unearned Revenue Current Liability Balance Sheet Credit

Utilities Expense Operating Expense Income Statement Debit

Wages Expense Operating Expense Income Statement Debit

Wages Payable Current Liability Balance Sheet Credit

Warranty Expense Operating Expense Income Statement Debit

Warranty Liability Current Liability Balance Sheet Credit

Work in Process Inventory Current Asset Balance Sheet Debit