Account Type Income Financial Statement Balance Sheet 5 Account 1. Sales 2 Checking 3. Accounts Receivable (A/R) 4. Rent and Lease Prepaid Expenses 6 Prepaid Expenses: Supplies 7 Office Supplies and Software B. Prepaid Expenses: Insurance 9 Insurance: Liability Insurance Expense 10. Undeposited Funds 11 Accounts Payable (AP) 12 VISA Credit Card 13. Prepaid Insurance: Rent 14 Interest Paid 15 Contractors 16. Legal and Professional Services 17 Advertising and Marketing