Balance sheet classification Account titles 1. Cost of Goods Sold 2. Accounts Payable 3. Patents Not separately presented on the balance sheet Stockholders' Equity Property, Plant, and Equipment Long-term Liabilities Intangible Assets 4. Common Stock 5. Supplies Current Assets Long-term Investments Current Liabilities 6. Service Revenue 7. Advertising Expense 8. Salaries Payable 9. Equipment > 10. Income Taxes Payable s 11. Inventories 10. Income Taxes Payable 11. Inventories 12. Accounts Receivable 13. Prepaid Rent 14. Notes Payable(due in 2 years) 15. Accumulated Depreciation-Buildings 16. Retained Earnings 17. Mortgage Payable 18. Dividends