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12 Cards in this Set
- Front
- Back
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Adjusting entries revenue |
Debit a/r Credit revenue |
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Adjusting entry expense |
Debit expense Credit liability |
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Deferrals revenue |
Debit unearned rev Credit rev |
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Deferrals expense |
Debit expense Credit asset |
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Discount inventory |
Debit inventory Credit cash/ a/p |
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Purchase return |
Debit a/p Credit inventory/cash |
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Sales |
Debit cash Credit sales |
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Sales |
Debit cost of goods sold Credit inventory |
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Sales on account |
Debit a/r Credit sales |
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Sales on account |
Debit cost of goods sold Credit inventory |
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Customer discount |
Debit a/r Credit sales |
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Sales tax |
Debit a/r / cash Credit sales Credit sales tax payable |
