Beside each numbered balance sheet item select the letter, Ask an Expert

Accounting

Beside each numbered balance sheet item, select the letter of its balance sheet classification. If the item shoud not appear on the balance sheet, choose the letter Z from the selection choices.

A. Current Assets

B. Long-term investments

C. Planet Assets

D. Intangible Assets

E. Current Liabilities

F. Long-term liabilites

G. Equity

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956764

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