List of Accounts

• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation
• Advertising Expense
• Bank Loan Payable
• Buildings
• Cash
• Common Shares
• Cost of Goods Sold
• Depreciation Expense
• Dividend Revenue
• Dividends Declared
• Dividends Payable
• Equipment
• Income Tax Payable
• Interest Expense
• Interest Payable
• Inventory
• Land
• Loan Payable
• Miscellaneous Expense
• Notes Payable
• Operating Expense
• Prepaid Insurance
• Prepaid Rent
• Rent Expense
• Rent Revenue
• Retained Earnings
• Sales Revenue
• Selling and Administrative Expenses
• Supplies Expense
• Supplies
• Unearned Revenue
• Wages Expense
• Wages Payable

For each of the following transactions, select the account and its effect on the basic accounting equation (Assets - Liabilities + Shareholders' Equity): (if no entry is required select No Entry for the account and No Effect for the efftect. For Shareholder's equity select Retained Earnings for all activity.) Assets Liabilities Shareholder's equity Transaction a. Purchase of equipment for cash b. Receipt of a loan from a bank (Use bank loan payable) Increase Decrease No Effect c. Purchase of inventory on account d. Sale of services to a customer for cash V V e. Payment of account payable f. Recorded wages owed to employees g. Payment of interest on loan h. Repayment of loan principal i. Payment of wages owed to employees that were recorded in transaction (f) j. Purchase of inventory on credit k. Payment of utility expenses 1. Recorded depreciation on the equipment