In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet
Question:
a. Current assets
b. Long-term investments Property,
c. Plant and equipment
d. Intangible assets
e. Current liabilities
f. Long-term liabilities
g. Equity
h. Does not appear on balance sheet
______ 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 Accounts payable
______ 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)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
Question Posted: