Account Titles and Normal Balances

Accounts Payable

Credit

Accounts Receivable

Debit

Accumulated Depreciation (Contra)

Credit

Accumulated Depletion (Contra)

Credit

Advertising Expense

Debit

Allowance for Doubtful Accounts

Credit

Amortization Expense

Debit

Bonds Payable

Credit

Building

Debit

Capital Stock

Credit

Cash

Debit

Cash Dividends

Debit

Cash Dividends Payable

Credit

Retained Earnings

Credit

Machinery

Debit

Supplies Expense

Debit

Inventories

Debit

Sales

Credit

Common Stock

Credit

Factory Buildings

Debit

Receivables

Debit

Taxes Payable

Credit

Taxes Expense

Debit

Cost of Goods Sold

Debit

Long-Term Debt

Credit

Treasury Stock

Debit

Deferred Income Tax Payable

Credit

Depletion Expense

Debit

Discount on Bonds Payable

Debit

Dividend Revenue

Credit

Dividends

Debit

Employees Federal Income Tax Payable

Credit

Equipment

Debit

Exchange Gain

Credit

Exchange Loss

Debit

Federal Income Tax Payable

Credit

Finished Goods

Debit

Gain on Disposal of Fixed Assets

Credit

Gain on Redemption of Bonds

Credit

Gain on Sale of Investments

Credit

Goodwill

Debit

Income Tax Expense

Debit

Income Tax Payable

Credit

Insurance Expense

Debit

Interest Expense

Debit

Interest Receivable

Debit

Interest Revenue

Credit

Investment in Bonds

Debit

Investment in Stocks

Debit

Investment in Subsidiary

Debit

Land

Debit

Loss on Disposal of Fixed Assets

Debit

Loss on Redemption of Bonds

Debit

Loss on Sale of Investments

Debit

Marketable Securities

Debit

Materials

Debit

Medicare Tax Payable

Credit

Merchandise Inventory

Debit

Notes Payable

Credit

Notes Receivable

Debit

Organizational Expenses

Debit

Patents

Debit

Paid-In Capital from Sale of Par (Stated Value)

Credit

Paid-In Capital in Excess of Par (Stated Value)

Credit

Payroll Tax Expense

Debit

Pension Expense

Debit

Petty Cash

Debit

Premium on Bonds Payable

Credit

Prepaid Insurance

Debit

Prepaid Rent

Debit

Preferred Stock

Credit

Purchases

Debit

Purchases Discounts

Credit

Purchases Returns and Allowances

Credit

Rent Expense

Debit

Rent Revenue

Credit

Salaries Expense

Debit

Salaries Payable

Credit

Sales Discounts

Debit

Sales Returns and Allowances

Debit

Sales Tax Payable

Credit

Sinking Fund Cash

Debit

Sinking Fund Investments

Debit

Social Security Tax Payable

Credit

Stock Dividends

Debit

Stock Dividends Distributable

Credit

Supplies

Debit

Transportation In

Debit

Transportation Out

Debit

Uncollectible Accounts Expense

Debit

Unearned Rent

Credit

Utilities Expense

Debit

Vacation Pay Expense

Debit

Vacation Pay Payable

Credit

Work in Process

Debit