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)
Step by Step Answer:
Financial Accounting
ISBN: 9780470929384
8th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather