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AP1-5A (Classifying items on financial statements) Use the following abbreviations to answer this question: Required Classify the following items according to where they would appear
AP1-5A (Classifying items on financial statements) Use the following abbreviations to answer this question: Required Classify the following items according to where they would appear in the financial statements: a. Accounts payable b. Rent revenue c. Unearned revenue d. Property, plant, and equipment e. Short-term investment in the shares of another company f. Sales to customers g. Repayment of the principal of a loan owed to a financial institution h. Payment of interest on a loan owed to a financial institution i. Common shares j. Cash k. Loan payable (debt due in 10 years)
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