1. Income 2. Expenses - Cost of Sales 3. Expenses - Operating Expenses 4. Asset - Current Assets 5. Asset - Non Current Assets 6. Liability - Current Liabilities 7. Liability - Non Current Liabilities 8. Equity Retained Earnings Insurance Policy Payroll Taxes Accounts Payable Accounts Receivable Loose Tools for Equipment Office Supplies and Stationery Salary Payable Free Samples for Distribution Notes Payable in 3 years Additional Paid in Capital Cash Outside Services paid Insurance Commission Earned Checking Account in bank Depreciation Expense Travel Expenses Material Inventory 2 Fees Payable Leasehold Property Material Inventory 1 Unearned Revenue Professional Fees Shareholders Capital / Common Stock Delivery Expense Vehicle for Transportation Discounts Allowed to Customers Machinery and Equipment Cost of Goods Sold Taxes Payable Savings Account in Bank Mortgage Loan on Building Sales / Revenue Warranty Receivables Telephone Expenses (-) Accumulated Depreciation Product Work in Progress Financing Interest Earned Rent for Building Gas for Company Vehicle Utilities Expense Bad Debts