Asset, Liabilities, StockHolders' Equity, Revenue, Expenses

Cash

Assets

Accounts Payable

Liabilities

Debts & Obligation of business

Liabilities

Accounts Receivable

Assets

Inventory

Assets

Salary Payable

Liabilities

Common Stock

Stockholders’ Equity

Retained earnings

Stockholders’ Equity

Supplies

Assets

Notes Payable

Liabilities

Bonds Payable

Liabilities

Prepaid Rent

Assets

Prepaid Insurance

Assets

Unearned Revenue

Liabilities

Owners claim on & Interest In business

Stockholders’ Equity

Accrued Liabilities

Liabilities

Investments

Assets

Equipment

Assets

Building

Assets

Land

Assets

Patents

Assets

Trademark

Assets

Goodwill

Assets

Sales Revenue

Revenue

Service Revenue

Revenue

Interest Income

Revenue

Dividend Income

Revenue

Gain On sale

Revenue

Salary Expense

Expenses

Rent Expense

Expenses

Supplies Expense

Expenses

Utilities Expense

Expenses

Insurance Expense

Expenses

Advertising Expense

Expenses

Miscellaneous Expense

Expenses

Cost of Good Sold

Expenses

Loss on Sale

Expenses

Is unearned revenue in revenue or liabilities

Liabilities

Current Assets

Cash, Account Receivable, Prepaid Rent, Prepaid Insurance, Inventory, Supplies

Long Term Investments

Investments in other companies or assets not being used in the company (ex. DMC Company)

Plant, Property, Equipment

Land - Equipment - Building - Vehicles - Accumulated Depreciation

Assets you can physically touch.

Intangible Assets

Patents - Trademarks - Trade Names - Licenses - Goodwill

Current Liabilities

Accounts Payable - Salary Payable - Unearned revenue - Notes Payable - Mortgage Payable

(List 1st) Liabilities that will be paid off within one year of the balance sheet date)

Long term Liabilities

Bonds payable (ALWAYS) - Notes Payable - Mortgage Payable

(List 2nd) Liabilities that will NOT be paid off within one year of balance sheet date