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Solved: A. Current Assets B. Long-term Investments C. Plant Assets D. Intangible Assets E. Current Liabilities F. Long-term Liabilities G. Equity

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From the dropdown box beside each numbered balance sheet item, select the option of its balance sheet classification. If the

A.

Current assets

B.

Long-term investments

C.

Plant assets

D.

Intangible assets

E.

Current liabilities

F.

Long-term liabilities

G.

Equity



From the dropdown box beside each numbered balance sheet item, select the option of its balance sheet classification. If the item should not appear on the balance sheet, choose the option "No item required" from the selection choices. Classification Classification Account Title Account Title 11. Mortgages payable (due in 6 years) 1. Prepaid rent (2 months of Rent) 12. Automobiles Equipment 2 13. Notes payable (due in 3 years) 3. Repairs expense 4. Land (used 14. Land held for future expansion operations) 15. Notes payable (due in 2 months) 16. Notes receivable (due in 2 years) 5. Depreciation expense-Building 6. Office equipment 7. Common stock 17. Interest payable (due in 1 week) 8 Buildings 18. Long-term investment in stock 19. Wages payable 20. Office supplies 9. Bonds payable (due in 10 years) 10. Accumulated depreciation-Trucks

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Classification Account title Classification Account title Classification 1 Prepaid rent (2 Months) A 11 Mortgage payable (due in 6 years) F 2 Equipm

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