The following accounts were taken from the financial statements of Orville sheet classifications. Company. (LO 6) Interest

Question:

The following accounts were taken from the financial statements of Orville sheet classifications. Company.

(LO 6) Interest revenue Common stock Utilities payable Accumulated depreciation—equipment Accounts payable Equipment Supplies Salaries and wages expense Bonds payable Investment in real estate Trademarks Unearned rent revenue Match each of the accounts to its proper balance sheet classification, as shown below. If the item would not appear on a balance sheet, use “NA.”

Current assets (CA) Current liabilities (CL)

Long-term investments (LTI) Long-term liabilities (LTL)

Property, plant, and equipment (PPE) Stockholders’ equity (SE)

Intangible assets (IA)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780470929384

8th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather

Question Posted: