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a. Current assets b. Investments and funds c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h.

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a. Current assets b. Investments and funds c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h. Paid-in-capital i. Retained earnings 15 Required: For each of the following balance sheet items, use the letters above to indicate the appropriate classificati contra account, select the appropriate letter with a minus sign.) 1. 2. 3. 4. 5. 6. Equipment 10. Accounts payable 11. Allowance for uncollectible accounts 12. Land, held for investment 13. Note payable, due in 5 years 14. Deferred rent revenue for the next 12 months 15. Note payable, due in 6 months 16. Income less dividends, accumulated 17 Investment in XYZ Corp., long-term 18. Inventories Patent Land, in use Accrued liabilities Prepaid rent for the next 9 months Common stock Building, in use Cash Taxes payable 7. 8. 9

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