Memorize Balance Sheet
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26 Terms
Cash
Current Asset
Marketable Securities
Current Asset
Accounts Receivables
Current Asset
Supplies (items purchased to be used within a year)
Current Asset
Inventory
Current Asset
Prepaid Expenses
Current Asset
Accounts Payable
Current Liability
Accrued Expenses (i.e. Wages payable, Interest Payable, Income Tax Payable)
Current Liability
Unearned Revenue
Current Liability
Short Term (ST) Notes Payable
Current Liability
Contributed Capital (Common Stock)
SHE
Retained Earnings
SHE
Investments into non-company stocks & bonds to be kept longer than 1yr (Long term marketable securities)
Long term investments
Items to be used and kept longer than 1+ years
PP&E (Assets)
Land
PP&E (Assets)
Buildings
PP&E (Assets)
Equipment, Vehicles, computers, furniture, etc.
PP&E (Assets)
Accumulated Depreciation
PP&E (Assets)
Long Term (LT) Notes Payable
Long Term Liabilities
Bonds Payable
Long Term Liabilities
Mortgage Payable
Long Term Liabilities
Patents
Intangible Assets
Copyright
Intangible Assets
Trademark
Intangible Assets
Franchise/License
Intangible Assets
Goodwill
Intangible Assets
Note 
Flashcards (39)