Types of Accounts

Prepaid Insurance

Asset
Liability
Debit
Permanent

Advertising Expense

Expense
Income Statement
Debit
Temporary

Wages Expense

Expense
Income Statement
Debit
Temporary

Prepaid Rent

Asset
Balance Sheet
Debit
Permanent

Rent Expense

Expense
Income Statement
Debit
Temporary

Allowance for Doubtful Accounts

Contra Asset
Balance Sheet
Credit
Permanent

Accumulated Depreciation

Contra Asset
Balance sheet
Credit
permanent

Accounts payable

Liability
Balance Sheet
Credit
Permanent

Dividends

Contra owner's equity
statement of retained earnings
debit
temporary

Bonds payable

liability
balance sheet
credit
permanent

Income tax expense

expense
income statement
debit
temporary

wages payable

liability
balance sheet
credit
permanent

fees earned

revenue
income statement
credit
temporary

prepaid expenses

asset
balance sheet
debit
permanent

costs of goods sold

expense
income statement
debit
temporary

interest payable

liability
balance sheet
credit
permanent

goodwill

asset
balance sheet
debit
permanent

depreciation expense

expense
balance sheet
debit
temporary

unearned revenue

liability
balance sheet
credit
permanent

common stock

owner's equity
balance sheet
credit
permanent

capital stock

owner's equity
balance sheet
credit permanent

taxes payable

liability
balance sheet
credit
permanent

rent revenue

revenue
income statement
credit
temporary

copyrights

asset
baance sheet
debit
permanent

patents

asset
balance sheet
debit
permanent

interest revenue

revenue
income statement
credit
temporary

accrued liabilities

liability
balance sheet
credit
permanent

buildings

asset
balance sheet
debit
permanent

contributed capital

owner's equity
balance sheet
credit
permanent

preferred stock

owner's equity
balance sheet
credit
permanent

equipment

asset
balance sheet
debit
permanent

supplies

asset
balance sheet
debit
permanent

sales revenue

revenue
income statement
credit
temporary

accounts receivable

asset
balance sheet
debit
permanent

investments

asset
balance sheet
debit
permanent

inventory

asset
balance sheet
debit
permanent

paid in capital in excess of par

owner's equity
balance sheet
credit
permanent

intangibles

assets
balance sheet
debit
permanent

retained earnings

owner's equity
balance sheet
credit
permanent

utilities payable

liability
balance sheet
credit
permanent

notes receivable

asset
balance sheet
debit
permanent

prepaid advertising

asset
balance sheet
debit
permanent

service revenue

revenue
income statement
credit
temporary

cash

asset
balance sheet
debit
permanent

interest expense

expense
income statement
debit
temporary