Question

box beside each numbered balance sheet item, select the letter of its balance sheet classification If the item should not appear on the balance sheet, choose the letter Z from the selection choices A. Current assets B. Long-term investments C. Plant assets D. Intangible assets E. Current liabilities F. Long-term liabilities G. Equity Account Title Classification Account Title Classification 1. Long-term investment in stock 2 Depreciation expense-Building 3. Prepaid rent 4 Interest receivable 5 Taxes payable 6. Automobiles 7 Notes payable (due in 3 years) 8 Accounts payable 9 Prepaid insurance 10 Owner, Capital 11. Unearned services revenue 12 Accumulated depreciation-Trucks 13 Cash 14. Buildings 15 Store supplies 16 Office equipment 17 Land (used in operations) 18, Repairs expense 19 Office supplies 20 Current portion of long-term note payable

Answer 1

Answer Account Title 1 Long -term investment in stock 2 Depreciation expanses- Building 3 Prepaid rent 4lInterest receivable 5 Taxes Payble 6 Automobiles 7 Notes paybles (due in 3 years) 8Accounts payable 9 Prepaid insurance Classification Account Title 11 Unearned service revenue 12 Accumulated depreciation - Truks Classification 13 Cash 14 Buildings 15 Store supplies 16 Office equipment 17 Land (used in operations) aiRepairsexpense 19Office supplies 20 Current portion of long -term note payable 10 Owner capital Created by Universal Document Converter