EM2.9 Account Types Account Types - Asset - Liability - Equity - Income - Expense Financial Statements - Balance Sheet - Profit and Loss 1 2 Account Account Type Financial Statement 1. Sales 2. Checking 3. Accounts Receivable (A/R) 4. Rent \& Lease 5. Prepaid Expenses 6. Prepaid Expenses: Supplies 7. Office Supplies \& Software 8. Prepaid Expenses: Insurance 9. Insurance Expense: Liability Insurance Expense 10. Payments to Deposit 11. Accounts Payable (A/P) 12. VISA Credit Card 13. Prepaid Expenses: Rent 14. Interest Expense 15. Contractors 16. Legal \& Professional Services 17. Advertising \& Marketing 18. Retained Earnings 19. Owner Distributions 20. Inventory 21. Utilities