diary of accounts

8/11/2019 Diary of Accounts

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Account Name Type of Accoun Debit or Credi Financial StatemenCommon Stock SE Credit BSPreferred Stock SE Credit BSRetained Earnings SE Credit BSDividends xSE Debit REAdditional Paid-in Capital SE Credit BSAccumulated Depreciation xA Credit BSIncome Summary EitherTreasury Stock xSE Debit BSExtraordinary Gain/Loss (infrequent and unusual) Either ISCommon stock dividend distrutable SE Credit BSAccumulated other comprehensive income/los SE Either ISBonds Payable L Credit BSDiscount on Bonds Payable xL Debit BSPremium on Bonds Payable adjunct L Credit BSDebt Conversion Expense Expense Debit ISPaid-in Capital Stock warrants SE Credit BSCompensation Expense Expense Debit ISPaid-in Capital Stock Options SE Credit BSUnearned Compensation xSE Debit BSInvestment in "Company Name" (Htm, AfS, T A Debit BS (Investments)Gain on Sale Peripheral R Credit ISSecurities Fair Value Adjustment xA Credit BSSecurities Fair Value Adjustment adjunct A Debit BSDividend Revenue Revenue CreditUnrealized Holding Gain-equity Credit BSUnrealized Holding Loss-equity Debit BSUnrealized holding Gain-income Revenue Credit ISUnrealized Holding Loss-income Revenue Debit IS

Call Option/Put Option/Derivatives A (Investment) Debit BSFutures Contract Current Asset Debit BSSales Discount xRevenue DebitSales Discount Forfeited adjunt Revenu CreditSales Discount and Receivables xRevenue CreditAllowance for sales returns and allowances xAR DebitConstruction in Process A Debit BSBillings on Construction in Process xA Credit BSDeferred Gross Profit xAR Credit BSRealized Gross Profit Revenue Credit ISDiscount on Notes Receivable xA CreditIncome Tax Expense Expense Debit IS

Income Tax Payable L Credit BSDeferred Tax Liability L Credit BSDeferred Tax Asset A DebitAllowance for Deferred Tax Asset xA Credit BSPrepaid Expense A Debit BSbenefit due to loss carryback xITE Credit ISincome tax refund receivable A Debit BSPension Liability Credit


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Pension Asset DebitLeased Equipment PPE Asset Debit BSgain on bargain purchase revenue credit IS


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Permanent or TemporaryPermanentPermanentPermanentTemporaryPermanentPermanentTemporaryPermanent

Permanent

PermanentPermanentPermanentTemporary Used to sweeten the pot to get bond holders to convertPermanent During issuance of a joint securityTemporaryPermanentPermanent One type of stock compensationPermanentTemporaryPermanentPermanent

Permanent (comprehensive income under equity)Permanent (comprehensive income under equity)TemporaryTemporary

PermanentPermanent

permanentpermanenttemporary

permanentpermanent


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permanenttemporary

diary of accounts

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