Account Names

Cash

Cash on hand or deposits in banks

Intangible Assets

Items like patents and copyrights that provide future benefit but do not have physical substance. Only recognized if purchased from outside source

Sales or Operating Revenues

amount earned and expected to be received from customers for goods or services already delivered

Advertising Expense

amount of advertising performed during the period

Additional Paid in capital

amount of cash the firm received above par value when the stock was issued aggregated over the life of the firm

Preferred stock

amount of cash the firm received for stock giving the holder a preference relative to common stock holders in terms of dividends and assets received if the firm is liquidated.

Interest Expense

amount of expense incurred for money borrowed during the period

Insurance Expense

amount of insurance used up during the period

Long-Term Debt

amount of obligations to be paid more than 1 year later

Rent Expense

amount of rent used up during the period

Wage or Salary Expense

amount of wages employees have earned during the period

Other payables or accrued expenses

amount owed for expenses like interest, taxes, salaries, and rent that have already incurred

Accounts Payable

amount owed to suppliers for inventory purchased on credit

Accounts Receivable

amounts due from customers for goods and services already delivered

Prepaid Expenses

asset recognized when cash paid in advance of when future expenses will be incurred

Property, plant, and equipment, net

buildings, land, and equipment used in operations minus accumulated depreciation

Treasury Stock

cost of stock repurchased by the firm and held internally

Cost of Goods Sold or Cost of Sales Revenue

cost to the selling firm for goods or services delivered during the period

Retained Earnings

cumulative net income minus dividends over the life of the firm

Inventory

goods in the process of being manufactured or available for sale to customers

Other Revenue

interest revenue or gains on investments held

Long-term investments

investments expected to be held for more than a year

Marketable Securities

investments that can be quickly sold for cash

Unearned revenue or advances

liability obligation incurred because cash was received from customers in advance of when revenue is earned by delivering goods or services to the customer

Common stock at par

par value of stock issued for common stock aggregated over the life of the firm

Current maturities of long-term debt

portion of long-term debt to be paid within the next year

Goodwill

purchase price of an acquired company minus the market value of the identifiable assets minus liabilities of that company.