Account Names: Given an account name, identify the account type, the normal balance (debit or credit), and the financial statement (balance sheet or income statement) where it would be reported. Current assets: cash, accounts receivable, inventory, supplies, prepaid expense Noncurrent assets: land, buildings, equipment, vehicles, accumulated depreciation Current liabilities: accounts payable, salaries payable, deferred revenue Long-term liabilities: notes payable, bonds payable Equity: owner's capital, owner's drawing Revenues: service revenue, fees earned Expenses: wages expense, supplies expense, salaries expense, etc.