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5-12. Account classification. Specify the section of a classified Balance Sheet in which each of the following accounts would be found. A B. C. D.

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5-12. Account classification. Specify the section of a classified Balance Sheet in which each of the following accounts would be found. A B. C. D. Current Assets Investments Property, Plant, and Equipment Intangibles E F. G. H Current Liabilities Long-Term Liabilities Contributed Capital Retained Earnings 1. Cash 6. Accounts Payable 2. Trucks 7. Mortgage Payable 3. Patents 8. Investment in XYZ 4. Prepaid Insurance 9. Wages Payable 5. Fund to Retire Bonds 10. Retained Earnings 5-13. Account classification. Specify the section of a classified Balance Sheet in which each of the following accounts would be found. A. B. C. D. Current Assets Investments Property, Plant, and Equipment Intangibles E. F. G. H. Current Liabilities Long-Term Liabilities Contributed Capital Retained Earnings 1. Accounts Receivable 6. Machinery 2. Copyrights 7. Preferred Stock 3. Additional Paid-In Capital 8. Bonds Payable 9. Taxes Payable 4. Merchandise Inventory 10. Uneamed Revenues 5. Accumulated Depreciation

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