T Account template to be filled in when balancing PDF

Title	T Account template to be filled in when balancing
Author	Brett Armstrong
Course	Financial Accounting
Institution	University of Utah
Pages	1
File Size	76.2 KB
File Type	PDF
Total Downloads	6
Total Views	148

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Summary

T account template that can be filled in as you're working through the accounting equation....

Description

Balance Sheet Statement of Retained Earnings Income Statement Current Assets

+

+

Long-Term Assets

-

+

CR

DR

Cash

DR

Land

Accounts Receivable

+

-

Interest Receivable

DR

CR

Inventory

+

-

Supplies

DR

CR

Prepaid Expenses

+

-

Investments

DR

-

CR

Contra Current Asset Allowance for Uncollectible Accounts

DR

CR

-

+

-

Buildings

DR

CR

Equipment

+

-

Lease Asset

DR

CR

Notes Receivable

+

-

Investments

DR

CR

Goodwill

+

Current Liabilities

-

+

Accounts Payable

CR

Land Improvements

+

=

-

DR

CR

Deferred Revenue

-

+

Accrued Expenses

DR

CR

Interest Payable

-

+

Salaries Payable

DR

CR

Income Tax Payable

-

+

+

Long-term Liabilities

-

+

Mortgage

DR

CR

Note Payable

-

+

Bond Payable

DR

CR

+

Capital Contributions

-

+

Capital Contributions

DR

CR

Common Stock (CS)

-

+

CS, Additional Paid-in Capital

DR

CR

Lease Payable

-

+ CR

Warranty Liability

-

+

-

+

CR

Dividend Payable

-

+

-

+

Retained Earnings

DR

CR

+

Revenue

-

+

Dividend Revenue

DR

CR

Interest Revenue

-

+

Sales Revenue

DR

CR

-

+

Gain on Sale PS, Additional Paid-in Capital

DR

CR

DR

CR

Rental Revenue

-

Contra CC

Sales Tax Payable

DR

Beg. Retained Earnings

Consulting Revenue Preferred Stock (PS)

Contingent Liability

DR

+

+

Service Revenue Treasury Stock

DR

CR

+

-

DR

CR

-

Expenses

+

-

Advertising Expense

DR

CR

Dividends

+

-

Dividends

DR

CR

Cost of Goods Sold

+

-

Income Tax Expense

DR

CR

Insurance Expense

+

-

Interest Expense

DR

CR

Meals&Entertainment

+

-

Supplies Exp

DR

CR

Professional Fees

Contra Revenue

-

+

-

MORE EXPENSES

+

-

Rent Expense

+

-

Office Expense

DR

CR

Wage Expense

+

-

Utility Expense

DR

CR

Telephone Expense

+

-

Discounts Patent / Trademark

DR

CR

Contra L-T Asset Accumulated Depreciation

DR

CR

-

+

DR

CR

+

-

Salary Expense

DR

CR

Depreciation Expense Returns

DR

CR

+

-

+

-

Amortization Expense

DR

CR

Loss on Sale

DR

CR

Bad Debt Expense

+

-

Research and Development Expense

DR

CR...