4.28 oints ellock Print References [LO3-2, 3-3] The following are the typical classifications used in a balance sheet a. Current assets b. Investments c. Property, plant, and equipment d. Intangible assets e. Other assets Required: E. Current liabilities g. 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. (If the Item is a contra account, select the appropriate letter with a minus sign.) Mc Graw Hill 1. 20 3. Interest payable (due in 3 months) Franchise Accumulated depreciation Prepaid insurance (for 2022) 4.1 5. g Bonds payable (due in 10 years) 6 d Current maturities of long-term debt 7. f Notes payable (due in 3 months) 8. b Long-term receivables 10 11.c 12 c 13 f 14 d Supplies Machinery Land (used in operations) Deferred revenue (for 2022) Copyrights 15 b Common stock 16/0 Land (held for speculation) 17 d Cash equivalents Prey 1 of 7 Next >