In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification If the item should not appear on the balance sheet, enter an h in the blank a Current assets b Long term investments Property, c Plant and equipment d Intangible assets e Current liabili...

1 h Does not appear on balance sheet 2 g Equity 3 a Curr ...

In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet

Question:

In the blank space beside each numbered item, enter the letter of its classification. If the item should not appear on the enter an h in the blank.
a. Current assets
b. Long-term investments Property,
c. Plant and equipment
d.
e. Current liabilities
f. Long-term liabilities
g. Equity
h. Does not appear on 1 Depreciation expense, trucks
______ 2 Lee Hale, capital
______ 3 Interest receivable
______ 4 Lee Hale, withdrawals
______ 5 Automobiles
______ 6 Notes payable (due in three years)
______ 7 8 Prepaid insurance
______ 9 Land not currently used in business operations
______ 10 Unearned services revenue
______ 11 Accumulated depreciation, trucks
______ 12 Cash
______ 13 Building
______ 14 Patent
______ 15 Office equipment
______ 16 Land (used in operations)
______ 17 Repairs expense
______ 18 Prepaid property taxes
______ 19 Notes payable (due in two months)
______ 20 Notes receivable (due in two years)
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