Question

The following accounts were taken from the financial statements of Lee Company. Match each of the accounts to its proper balance sheet classification. If the item would not appear on a balance sheet, use "Not Applicable." Accounts Balance Sheet Classification Interest revenue Utilities payable Accounts payable Current Assets Long-term Investments Supplies Bonds payable Goodwill Property, Plant, and Equipment Intangible Assets Current Liabilities Common stock Accumulated depreciation-equipmer Equipment Long-term Liabilities Stockholders' Equity Salaries and wages expense Debt investments (long-term) Not Applicable Unearned rent revenue

Answer 1

Ans:-

Accounts	Balance Sheet Classification
Interest revenue	Not Applicable
Utilities Payable	Current Liabilities
Accounts Payable	Current Liabilities
Supplies	Current Assets
Bonds Payable	Long-term Liabilities
Goodwill	Intangible Assets
Common Stock	Stockholder's Equity
Accumulated depreciation-equipment	Property,Plant, and Equipment
Equipment	Property,Plant , and Equipment
Salaries and wages expense	Not Applicable
Debt investments(long-term)	Long-term Investments
Unearned rent revenue	Current Liabilities