The following items are listed alphabetically. Use the bolded abbreviations for

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Question

The following items are listed alphabetically. Use the bolded abbreviations for your answers. Use Column 1 to indicate whether the item is found on the Balance Sheet (BS) or Income Statement (IS). For Balance Sheet items, use Column 2 to indicate the following: CA - Current Asset, NCA - Non Current Asset, PPE - Property, Plant & Equipment, IA - Intangible Asset CL - Current Liability, NCL - Non Current Liability, or SE - Stockholders' Equity. Use Column 3 to indicate whether the item has a Debit balance (DR) or a Credit balance (CR). Item Column 1 Column 2 Column 3 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Additional Paid-in Capital Allowance for Doubtful Accounts Bad Debt Expense Bond Discount Bonds Payable Building Cash Common Stock Cost of Goods Sold Current Portion of Long Term Debt Depreciation Expense Franchise Gain on Sale of Equipment Goodwill Gross Profit Income Tax Expense Insurance Expense Interest Expense Interest Payable Land Merchandise Inventory Notes Payable, due in 3 years Office Equipment Patent Preferred Stock Prepaid Insurance Rent Expense Retained Earnings Salaries Expense Sales Sales Discounts Sales Returns and Allowances Sales Tax Payable Service Revenue Short Term Investments Treasury Stock Unearned Revenue The following items are listed alphabetically. Use the bolded abbreviations for your answers. Use Column 1 to indicate whether the item is found on the Balance Sheet (BS) or Income Statement (IS). For Balance Sheet items, use Column 2 to indicate the following: CA - Current Asset, NCA - Non Current Asset, PPE - Property, Plant & Equipment, IA - Intangible Asset CL - Current Liability, NCL - Non Current Liability, or SE - Stockholders' Equity. Use Column 3 to indicate whether the item has a Debit balance (DR) or a Credit balance (CR). Item Column 1 Column 2 Column 3 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Additional Paid-in Capital Allowance for Doubtful Accounts Bad Debt Expense Bond Discount Bonds Payable Building Cash Common Stock Cost of Goods Sold Current Portion of Long Term Debt Depreciation Expense Franchise Gain on Sale of Equipment Goodwill Gross Profit Income Tax Expense Insurance Expense Interest Expense Interest Payable Land Merchandise Inventory Notes Payable, due in 3 years Office Equipment Patent Preferred Stock Prepaid Insurance Rent Expense Retained Earnings Salaries Expense Sales Sales Discounts Sales Returns and Allowances Sales Tax Payable Service Revenue Short Term Investments Treasury Stock Unearned Revenue

Explanation / Answer

Item

column 1

column 2

column 3

Account Payable

Account Receivable

Accumlated Depriciation - Equipment

NCA

Additional Paid up capital

Allowances for doubtfull Accounts

Bad Debt Expenses

Bond Discount

Bond Payable

NCL

Bulding

NCA

Cash

Common Stock

Cost of Goods Sold

Current Portion of Long Term Debt

Deprecition Expenses

Franchise

Gain on sale of Equipment

Goodwill

Gross Profit

Income Tax Expense

Insurance Expense

Interest Expense

Interest Payable

LAND

NCA

Merchndise Inventory

Notes Payable due in 3 Months

Office Equipments

NCA

Patent

Preferred Stock

Prepaid Rent

Rent Expenses

Retained Earning

Salary Expense

Sales

Sales Discount

Sales Return

Sales Tax Payable

Service Revenue

Short Term Investment

Treasury Stock

Unearned Revenue

Item

column 1

column 2

column 3

Account Payable

Account Receivable

Accumlated Depriciation - Equipment

NCA

Additional Paid up capital

Allowances for doubtfull Accounts

Bad Debt Expenses

Bond Discount

Bond Payable

NCL

Bulding

NCA

Cash

Common Stock

Cost of Goods Sold

Current Portion of Long Term Debt

Deprecition Expenses

Franchise

Gain on sale of Equipment

Goodwill

Gross Profit

Income Tax Expense

Insurance Expense

Interest Expense

Interest Payable

LAND

NCA

Merchndise Inventory

Notes Payable due in 3 Months

Office Equipments

NCA

Patent

Preferred Stock

Prepaid Rent

Rent Expenses

Retained Earning

Salary Expense

Sales

Sales Discount

Sales Return

Sales Tax Payable

Service Revenue

Short Term Investment

Treasury Stock

Unearned Revenue

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The following items are listed alphabetically. Use the bolded abbreviations for

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