Information may be classified with respect to a balance sheet in one of the following ways:

(1) Asset.

(2) Liability.

(3) Owners’ equity.

(4) Item would not appear on the balance sheet as conventionally prepared.

Using the numbers above, indicate the appropriate classification of each of the following items:

a Salaries payable.

b Retained earnings.

c Notes receivable.
d Unfilled customers’ orders.
e Land.
f Interest payable.
g Work-in-process inventory.
h Mortgage payable.
i Organization costs.
j Advances by customers.
k Advances to employees.
l Patents.
m Good credit standing.
n Bosh S06 Se oan> Sm Common stock.