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1 The following list of balance sheet accounts with corresponding amounts is available for Green Co. at the end of the year. Classify the accounts

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1 The following list of balance sheet accounts with corresponding amounts is available for Green Co. at the end of the year. Classify the accounts using the following headings: current assets, long-term assets, current liabilities, long-term liabilities, and stockholders' equity. (Hint: You can check your answer using the balance sheet equation) Accounts payable 29 Cash 25 Short-term investments 22 Common stock Deferred taxes, current 6 Treasury stock (4) Property & Equip, net 67 Prepaid expenses Accounts receivable 11 Inventories Long-term debt Add'l paid-in capital 51 Current portion of long-term debt Retained earnings 3 13 20 5 45

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