The Lists of Accounts

Question 1

Current

assets

Answer 1

• cash
• investment in short-term securities
• accounts receivable
• inventory
• supplies
• prepaid
• prepaid insurance
• interest receivable(watch due date)

Question 2

Long Term Assets

Answer 2

• notes receivable-watch date
• building and equipment
• land
• investment in long-term securities
• intangible assets(patents, trademarks, copyrights, and goodwill)

Question 3

Current Liabilities

Answer 3

• Accounts payable
• Unearned revenue
• Interest payable
• Rent payable
• Dividends payable
• Salaries payable
• wages payable
• Income taxes payable

Question 4

Long-term liabilities

Answer 4

• notes payable
• mortgages payable
• bonds payable