Account Major Classification -> Asset (A), Liability (L), Owner's Equity (OE), Revenue (R), Expense (E), Not Applicable (NA) Contra account -> place an X after the account if the item is a contra account Account Sub Classification -> Current Asset (CA); Investments (INV); Property, Plant & Equipment (PPE); Intangible Assets (INT); Current Liability (CL); Long-term liability (LTL); Sales (S); Cost of Merchandise sold (COMS); Operating Expenses - Administrative Expense (OEAE); Operating Expenses - Selling Expense (OESE); Other Income (OI); Other Expense (OE) or Not Applicable (NA) Normal Balance -> debit (DR) or 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 1. Accumulated Depletion 2. Allowance for Doubtful Accounts 3. Amortization Expense 4. Bad Debts Expense 5. Cost of Merchandise Sold 6. Depletion Expense 7. Dividend Revenue 8. Gain on Disposal of Fixed Assets 9. Goodwill 10. Interest Expense 11. Interest Revenue 12. Loss on Disposal of Fixed Assets 13. Merchandise Inventory 14. Notes Receivable due in 2 years 15. Patents 16. Petty Cash 17. Purchases 18. Purchases Discounts 19. Purchases Returns and Allowances 20. Rent Revenue 21. Salaries Expense 22. Salaries Payable 23. Sales 24. Sales Discounts 25. Sales Returns and Allowances 26. Sales Tax Payable 27. Transportation In 28. Delivery Expense 29. Uncollectible Accounts Expense 30. Utilities Expense I really hope someone can help me with this... I absolutely have no clue at all :/