Three key account types are represented on the balance sheet: assets, liabilities, and equity. Much like the income statement, however, there is a great deal more detail to a balance sheet than simply these three figures. What additional accounts and detail can you find on the balance sheet? If you were to look up the balance sheet for the company that sells your favorite thing (e.g., coffee, your laptop, your phone, candy), what types of accounts do you think you will find on its balance sheet? Consider doing an online search for the company’s balance sheet to see if your guess is correct.