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15 b elloos P The following are the typical classifications used in a balance sheet Current assets b. Investments c. Property, plant, and equipment
15 b elloos P The following are the typical classifications used in a balance sheet Current assets b. Investments c. Property, plant, and equipment d. Intangible assets Other assets Required: f. Current liabilities Long-term liabilities h. Paid-in capital 1. Retained earnings For each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification category of the item is a contre account, select the appropriate letter with a minus sign.) Interest payable (due in 3 months) Franchise Accumulated depreciation Prepaid insurance dor 2022) Land used in operations) Copyrights 10 11 Supplies Machinery 3 12 4 13 Deferred revenue (for 2022) 5 14 6 Current maturites of long-term debt 15 Common stock 7. Notes payable (due in 3 months) 16 Land (held for speculation) 8 Long-term receivables 17 Cash equivalents 9 Restricted cash (will be used to retire bonds in 10 years) 18 Salaries payable Bonds payable (due in 10 years) Check m
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