Debits/Credits

Balance Sheet / Asset /Liability Owners' Equity Debit / Temporary Income Revenue Expense A/L/OE/R/ Credit Permanent Stmt BS Example: Land Account Receivable Interest Expense Accounts Payable Accum Deprec: Equipmt Advertising Fees Earned Supplies Expense Sales Returns & Allowances Capital Stock Cash Cost of Goods Sold Depreciation Ex Dividend Payable Earned Revenue Equipment Salary Payable Insurance Expense Inventor Notes Payable Prepaid Rent Retained Earnin Purchases Dividend Purchase Discount Interest Payable Salary Expense Sales Purchase Discount Lost Bonds Premium Unearned Revenue Treasury Stock Allowance for Doubtful accounts Goodwill