cob 241: balance sheet

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18 Terms

1
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cash

asset

2
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accounts receivable

asset

3
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less: AFDA

asset

4
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prepaid ANYTHING (rent/insurance)

asset

5
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inventory

asset

6
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notes receivable

asset

7
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supplies

asset

8
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land

asset

9
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property, plant, & equipment

asset

10
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less: accumulated depreciation

asset

11
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intangible assets (patents, copyrights, franchies, trademarks, goodwill)

asset

12
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natural resources (coal mine, mineral deposits, reserves, etc)

asset

13
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accounts payable

liabilities

14
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unearned revenue

liabilities

15
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salaries payable

liabilities

16
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notes payable

liabilities

17
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common stock

stockholder’s equity

18
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retained earnings

stockholder’s equity