LIST OF ACCOUNTSAccumulated Other Comprehensive LossAllowance for Doubtful AccountsAllowance to Reduce Inventory to MarketBad Debt ExpenseBonds PayableCashCall OptionCommon StockCost of Goods SoldDebt InvestmentsDividend RevenueDividend ReceivableEquity InvestmentsFair Value AdjustmentFutures ContractGain on Sale of InvestmentsGain on Settlement of Call OptionGain on Settlement of Put OptionInterest ExpenseInterest ReceivableInterest RevenueInventoryInvestment IncomeLoss on ImpairmentLoss on Sale of InvestmentsLoss on Settlement of Call OptionLoss on Settlement of Put OptionNo EntryNotes PayablePaid-in Capital in Excess of Par - Common StockPut OptionRecovery of Loss from ImpairmentRetained EarningsRevenue from InvestmentSales RevenueSwap ContractUnrealized Holding Gain or Loss - EquityUnrealized Holding Gain or Loss - IncomePLEASE HELP RECORD REVENUE CASH WAS WRONG **Journal Entries Explanation**1. **To record purchase of stock:** - **Debit:** Equity Investments - 192,000 - **Credit:** Cash - 192,000 2. **To record receipt of dividends:** - **Debit:** Cash - 8,100 - **Credit:** Equity Investments - 8,1003. **To record revenue:** - **Debit:** Equity Investments - 32,400 - **Credit:** [Blank] - **Note:** The credit entry account name is missing here, indicating a need for clarification or completion.**Structure of the Table:**- The table is divided into three columns: "Account Titles and Explanation," "Debit," and "Credit."- Each transaction is clearly labeled with its purpose.- The table includes amounts corresponding to each account affected by the transactions.

Introduction: Journals: Recording of a business transactions in a chronological order. First step in the preparation of final accounts is recording journals.Entry to record revenue:

Answered: LIST OF ACCOUNTS Accumulated Other…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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LIST OF ACCOUNTS

Accumulated Other Comprehensive Loss
Allowance for Doubtful Accounts
Allowance to Reduce Inventory to Market
Bad Debt Expense
Bonds Payable
Cash
Call Option
Common Stock
Cost of Goods Sold
Debt Investments
Dividend Revenue
Dividend Receivable
Equity Investments
Fair Value Adjustment
Futures Contract
Gain on Sale of Investments
Gain on Settlement of Call Option
Gain on Settlement of Put Option
Interest Expense
Interest Receivable
Interest Revenue
Inventory
Investment Income
Loss on Impairment
Loss on Sale of Investments
Loss on Settlement of Call Option
Loss on Settlement of Put Option
No Entry
Notes Payable
Paid-in Capital in Excess of Par - Common Stock
Put Option
Recovery of Loss from Impairment
Retained Earnings
Revenue from Investment
Sales Revenue
Swap Contract
Unrealized Holding Gain or Loss - Equity
Unrealized Holding Gain or Loss - Income

PLEASE HELP RECORD REVENUE CASH WAS WRONG

**Journal Entries Explanation**

1. **To record purchase of stock:**
- **Debit:** Equity Investments - 192,000
- **Credit:** Cash - 192,000

2. **To record receipt of dividends:**
- **Debit:** Cash - 8,100
- **Credit:** Equity Investments - 8,100

3. **To record revenue:**
- **Debit:** Equity Investments - 32,400
- **Credit:** [Blank]
- **Note:** The credit entry account name is missing here, indicating a need for clarification or completion.

**Structure of the Table:**

- The table is divided into three columns: "Account Titles and Explanation," "Debit," and "Credit."
- Each transaction is clearly labeled with its purpose.
- The table includes amounts corresponding to each account affected by the transactions.

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