Define the term and which statement it goes on

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Accrued revenue

Asset/ Balance Sheet/Debit. A revenue that has been earned but for which the cash has not yet been collected.

Supplies

Asset/Balance Sheet/Debit

Cash

Current Asset / Balance Sheet

Accounts Receivable

Current Asset / Balance Sheet. Amounts to be received in the future due to the sale of goods or services

Inventory

Current Asset / Balance Sheet/Debit. A list of possessions or goods on hand

Prepaid Rent

Current Asset, Balance Sheet, Debit

Short-term investments

Current Asset/Balance Sheet/Debit

Retained earnings

Equity/Balance Sheet/Credit. An amount earned by a corporation and not yet distributed to stockholders.

Contributed Capital

Equity/Balance Sheet/Credit. Owner contributions to a corporation

Operating expenses

Expense/Income Statement/ Debit. Costs involved in operating a business, such as rent, utilities, and salaries.

Research & Development Expense

Expense/Income Statement/Debit

Rent bill

Expense/Income Statement/Debit. Bill for rent (can be divided over years therefore, if it's over a year, it will go on the bottom)

Utility bill

Expense/Income Statement/Debit. Paying for all overhead bills (gas,water, etc.)

COGS

Expense/Income Statement/Debit. beginning inventory + purchases - ending inventory

Non-operating expenses

Expense/Income Statement/Debit. expenses that are not related to a business's normal operations

Depreciation

Expense/Income Statement/Debit. the portion of a plant asset's cost that is transferred to an expense account in each fiscal period during a plant asset's useful life

Notes Payable

Liability/Balance Sheet/Credit. A debt owed to a financial institution

Accounts Payable

Liability/Balance Sheet/Credit. Amounts to be paid in the future for goods or services already acquired

Unearned Revenue

Liability/Balance Sheet/Credit. Money received for a service or product that has yet to be provided or delivered.

Wages Payable

Liability/Balance Sheet/Credit. Wages earned by but not yet paid to employees

Long-term investments

Long term asset/Balance Sheet/Debit

Property, Plant, and Equipment

Long-term assets that are used in the operation of a business and that are subject to depreciation (except for land, which is not depreciated). Anything you can feel and touch (buildings, machinery, office equipment, vehicles) / Balance Sheet


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