1. Below is a list of balance sheet account titles that may be needed in recording transactions. Indicate where on the balance sheet you would find this type of transaction. For assets and liabilities, indicate whether the account title should be located under current or non-current.

Accounts Payable

Notes Payable (due in one year)

Equipment and Machinery

Inventory

Accounts Receivable

Mortgage Payable

Retained Earnings

Notes Receivable

Cash

Common stock