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iley Ch 5: Homework Balance Sheet Accounts Balance Sheet Classification 1. Preferred stock. Goodwill. Salaries and...


iley Ch 5: Homework Balance Sheet Accounts Balance Sheet Classification 1. Preferred stock. Goodwill. Salaries and wages paya
9. Allowance for doubtful accounts. 10. Accounts receivable. Cash surrender value of life insurance. Notes payable (due next
iley Ch 5: Homework Balance Sheet Accounts Balance Sheet Classification 1. Preferred stock. Goodwill. Salaries and wages payable Accounts payable. Buildings. Equity investments (to be sold within one year). Current maturity of long-term debt. 8. Premium on bonds payable. Allowance for doubtful accounts. 10. Accounts receivable. 11. Cash surrender value of life insurance. 12. 13. Notes payable (due next year). Supplies 14. Common stock. 15. Land. 16. Bond sinking fund. 17. Inventory.
9. Allowance for doubtful accounts. 10. Accounts receivable. Cash surrender value of life insurance. Notes payable (due next year). Supplies. 14. Common stock. 15. Land. Bond sinking fund. Inventory. 18. Prepaid insurance. 19. Bonds payable. 20. Income taxes payable.
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S.NO. BALANCE SHEET ACCOUNTS BALANCE SHEET CLASSIFICATION
1 Preferred stock Stockholder equity
2 Goodwill Intangible assets
3 Salaries and wages payable Current liabilities
4 Accounts payable Current liabilities
5 Buildings Fixed assets
6 Equity investments (to be sold within one year) Current assets
7 Current liability of long-term debt Current liabilities
8 Premium on bonds payable Long-term liabilities
9 Allowance for doubtful accounts Contra assets account
10 Accounts receivable Current assets
11 Cash surrender value of life insurance Non-current assets
12 Notes payable (due next year) Current liabilities
13 Supplies Current assets
14 Common stock Stockholder equity
15 Land Fixed assets
16 Bond sinking fund Long-term assets
17 Inventory Current assets
18 Prepaid insurance Current assets
19 Bonds payable Long-term liabilities
20 Income taxes payable Current liabilities
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