Answer Middle part with options from the bottom.

x Match each of the following descriptions to a balance sheet account. (4) Created by credit sales [a] NOT CASH [r] Standardized long-term debt [e] P, P, E [i] Created by credit purchases [b] Appears first due to having the most liquidity [c] Value reported includes an adjustment for accumulated depreciation (smaller =) [j] Internal source of equity [h] Common example includes wages payable [m] External source of equity [f] Intangible fixed asset [g] o Would include bonds [n] Represents capital from owners [o] Short-term asset that is essential to retail firms [d] . Found by totaling depreciation expense [q] o Short-term bank loan [1] Cumulative earnings since inception [p] Value reported does not include an adjustment for accumulated depreciation (larger =) [b] Selected Answer: Match each of the following descriptions to a balance sheet account. (4) Created by credit sales Current assets NOT CASH [None Given] . Standardized long-term debt [None Given] P.P.E [None Given] Created by credit purchases [None Given] Appears first due to having the most liquidity [None Given] Value reported includes an adjustment for accumulated depreciation (smaller =) [None Given] Internal source of equity (None Given] . Common example includes wages payable [None Given] External source of equity [None Given] Intangible fixed asset [None Given] o Would include bonds [None Given] Represents capital from owners (None Given] Short-term asset that is essential to retail firms [None Given] . Found by totaling depreciation expense [None Given] o Short-term bank loan [None Given] o Cumulative earnings since inception [None Given] Value reported does not include an adjustment for accumulated depreciation (larger =) [None Given] Answers: Current assets Cash A/R Inventory Long-term assets Goodwill Gross PPE A/D Net PPE Current liabilities N/P A/P Accruals Long-term liabilities Bonds Stockholder's equity Common stock Retained earnings