Miscellaneous Expense

1
Miscellaneous Expense

• Expense
• Income Statement, Debit

2
Petty Cash

• Asset
• Balance Sheet, Debit

3
Supplies--Office

• Asset
• Balance Sheet, Debit

4
Accounts Payable

• Liability
• Balance Sheet, Credit

5
Sales

• Revenue
• Income Statement, Credit

6
Income Summary

• Owners Equity, No Balance

7
Accounts Receivable

• Asset
• Balance Sheet, Debit

8
Nancy Drew, Capital

• Owner Equity
• Balance Sheet, Credit

9
Advertising Expense

• Expense
• Income Statement, Debit

10
Purchases

• Cost of Merchandise, Debit

11
Supplies--Store

• Asset
• Balance Sheet, Debit

12
Nancy Drew, Drawing

• Owner Equity
• Balance Sheet, Debit

13
Prepaid Insurance

• Asset
• Balance Sheet, Debit

14
Sales Tax Payable

• Liability
• Balance Sheet, Credit

15
Cash

• Asset
• Balance Sheet, Debit