Account

Normal Balance

(DR or CR)

Financial Statement Classification

Accounts
payable

Accounts
receivable

Accumulated
depreciation

Additional
paid-in capital in excess of par –

common stock

Additional
paid-in capital in excess of par –

preferred stock

Advertising
expense

Allowance
for doubtful accounts

Available-for-sale
securities

Bad
debt expense

Bonds
payable, due 6/30/20

Bond
sinking fund

Building

Cash

Cash
surrender value of life insurance

Common
stock

Copyright

Cost
of goods sold

Depreciation
expense – selling

Depreciation
expense – office

Discount
on bonds payable

Dividend
revenue

Dividends

Dividends
payable

Account

Normal
Balance

(DR
or CR)

Financial
Statement Classification

Office
supplies expense

Equipment

Franchise

Freight
in

Freight
out

Gain
on sale of equipment

Goodwill

Held-to-maturity
securities

Income
taxes payable

Interest
expense

Interest
payable

Interest
receivable

Interest
revenue

Inventory

Land

Land
held for speculation

Loss
on sale of land

Note
payable, due 9/30/13

Note
payable, due 4/30/19

Note
receivable, due 6/15/13

Office
supplies

Patents

Preferred
stock

Premium
on bonds payable

Prepaid
insurance

Prepaid
rent

Purchases

Purchase
discounts

Purchase
returns and allowances

Rent
expense

Rent
revenue

Retained
earnings

Salaries
and wages expense – officers

Salaries
and wages expense – office

Salaries
and wages payable

Sales
commissions expense

Sales
revenue

Sales
returns and allowances

Sales
discounts

Trading
securities

Trademark

Treasury
stock

Unearned
sales revenue

Utilities
expense

Wages
expense

Wages
payable