1. Using the classification we learned for a classified balance sheet please indicate where you would place it on the balance sheet. A. Current Asset B. Investments C. Property Plant & Equipment D. Intangibles E. Current Liabilities F. Long Term Liabilities G. Contributed Capital H. Retained Earnings. I. Not on the balance sheet Patent Short term investments Prepaid Rent Accounts Payable Wages Payable Retained Earnings Building Used in Operations Supplies Inventory Common Stock Accounts Receivable Mortgage Payable Unearned Revenue Telephone Expense 2. Prepare the following adjusting entries: Remember to write as much to the journal entry as possible. Keep in mind the rules that debit and credits have to equal, and debits go on top. A. Prepaid Insurance has a balance of $200 on January 1. Purchases made throughout the year total $2,250. At year end the prepaid insurance should show a balance of $700 remaining. B. Depreciation of office equipment is estimated to be $1,250 for the entire year. C. Property taxes for six months, estimated at $800 have accrued but have not been recorded. D. Unrecorded interest receivable on US Government bonds is $450. E. Unearned Revenue has a balance of $1,200. Services of $500 received in advance have now been performed. F. Services totaling $900 have been performed; the customer has not yet been billed. 3. Using the following chart, prepare the closing entries for the information provided in it. Remember there are four journal entries dealing with closing entries.