Petty Cash

1
Petty Cash

• Balance Sheet Debit
• Current Asset

2
Loss on Plant Asset

• Income Statement Debit
• Other Expense

3
Accounts Receivable

• Balance Sheet Debit
• Current Asset

4
Store Equipment

• Balance Sheet Debit
• Plant Asset

5
Accounts Payable

• Balance Sheet Credit
• Liability

6
Accumulated DepreciationOffice Equipment

• Balance Sheet Credit
• Plant Asset

7
Gain on Plant Assets

• Income Statement Credit
• Other Revenue

8
Sales

• Income Statement Credit
• Operating Revenue

9
Purchases Returns Allowances

• Income Statement Credit
• Cost of Merchandise

10
Uncollectible Accounts Expense

• Income Statement Debit Operating Expense

11
Office Equipment

• Balance Sheet Debit
• Plant Asset

12
Merchandise Inventory

• Balance Sheet Debit
• Current Asset

13
Federal Income Tax Expense

• Income Statement Debit
• Income Tax Expense

14
Sales Discount

• Income Statement Debit Operating Revenue

15
Purchases

• Income Statement Debit
• Cost of Merchandise

16
Capital Stock

• Balance Sheet Credit
• Stockholders Equity

17
Cash Short Over (cash is short)

• Income Statement Debit
• Other Expense

18
Allowance for Uncollectible Accounts

• Balance Sheet Credit
• Current Asset

19
Retained Earnings

• Balance Sheet Credit
• Stockholders Equity

20
Purchases Discount

• Income Statement Credit
• Cost of Merchandise

21
Sales Returns and Allowances

• Income Statement Debit Operating Revenue

22
Dividends

• Income Statement Debit
• Stockholders Equity

23
Accumulated Depreciation--Store Equipment

• Balance Sheet Credit
• Plant Asset

24
Prepaid Insurance

• Balance Sheet Debit
• Current Asset

25
Sales Tax Payable

• Balance Sheet Credit
• Liability

26
Notes Receivable

• Balance Sheet Debit
• Current Asset

27
Notes Payable

• Balance Sheet Credit
• Liability

28
Interest Income

• Income Statement Credit
• Other Revenue

29
Interest Expense

• Income Statement Debit
• Other Expense

30
Depreciation Expense
Income Statement Debit Operating Expense