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As described in a recent annual report, Digital Diversions, Incorporated (DDI), designs, develops, and distributes video games for computers and advanced game systems. Digital Diversions,
As described in a recent annual report, Digital Diversions, Incorporated (DDI), designs, develops, and distributes video games for computers and advanced game systems. Digital Diversions, Incorporated has been operating for only one full year. Required: For each of the following accounts from Digital Diversions, Incorporated's recent balance sheet complete the following table. Indicate whether the account is classified as a current asset, noncurrent asset, current liability, noncurrent liability, or stockholders' equity, and whether the account usually has a debitor credit balance. Balance Sheet Classification Debitor Credit Balance Account 1. Land 2. Retained Earnings 3. Notes Payable (due in three years) 4. Accounts Receivable 5. Supplies 6. Common Stock 7. Equipment 8. Accounts Payablo 9. Cash 10. Income Taxes Payable
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