In this discussion, you need to define the account, state the section of the classified balance sheet the account is found, and what is the normal balance.

• Temporary Investments
• Accounts Payable

Ex.

Investments - Long Term (or Held to Maturity): These are investments made by the company that are not expected to be sold until the end of their stated term. An example of a Held to Maturity Investment is Corporate Bonds. These are classified as Long Term investments and have a normal balance of Debit.

Franchises: These are assets owned by the Company. The Franchise account can be used to record the fees paid for the right to operate the business (for example, the cost paid to McDonalds to open your store). Since the right can't be touched, Franchises are classified as an Intangible Asset. The normal balance is Debit.