Illustrative entries list

Principles of Accounting

illustrative journal entries
click on the transaction type for a sample journal entry

Allowance for Uncollectible Accounts Receivable

Bonds Issued Between Interest Dates

Bonds Payable at Discount

Bonds Payable at Par

Bonds Payable at Premium

Closing Revenue, Expense, and Dividend Accounts

Collect Accounts Receivable

Compound Entry to Buy Asset for Cash and Note

Currency Exchange Gains/Losses

Depreciation Expense

Dividend Income

Expense (accrued)

Expense (on account)

Investment in Available for Sale Securities

Investment in Bonds at a discount

Investment in Bonds at par

Investment in Bonds at premium

Investments - Equity Method

Investments in Trading Securities

Issue No-Par Common ("Capital") Stock

Issue Par Value Common Stock

Issue Stated Value Common Stock

Issue Preferred Stock

Job Costing (materials, labor, and overhead)

Loan/Note Payable (borrow, accrue interest, and repay)

Notes Payable (issued at discount)

Notes Receivable

Pay Accounts Payable

Perpetual Inventory

Purchases and Purchases Returns

Purchases with Discount (gross)

Purchases with Discount (net)

Prepaid Expense (purchase and adjust)

Retirement of Debt

Revenue (accrued)

Revenue (on account)

Sales and Sales Returns

Stock Dividend (large)

Stock Dividend (small)

Treasury Stock Purchase

Treasury Stock Reissuance above Cost

Treasury Stock Reissuance below Cost

Unearned Revenue (collect and adjust)

Variances Relating to Direct Materials, Direct Labor, and Factory Overhead