Prepaid Rent Expense 1. Asset Account 2. Liability Account 3. Equity Account 4. Contra Account 5. Dividends 6. T Account 7. Expenses 8. General Ledger 9. Debit 10. Credit 11. Current Assets 12. Financing Activities 13. Net Income 14. Depreciation 15. Dividends 16. Cash 17. Investing Activities 18. Unearned Revenues Lowers Net Income Accumulated Depreciation Retained Earnings Increases liability accounts Record of Entries Accrued Payroll Decreases Equity Income Statement Statement of Stockholder's Equity Balance Sheet Cash Flow Statement Statement of Retained Earnings