(Balance Sheet Classifications) Presented below are a number of balance sheet accounts of Deep

Blue Something, Inc.

(a) Investment in Preferred Stock. (h) Interest Payable.

(b) Treasury Stock. (i) Deficit.

(c) Common Stock. (j) Equity Investments (trading).

(d) Dividends Payable. (k) Income Taxes Payable.

(e) Accumulated DepreciationEquipment. (l) Unearned Subscriptions Revenue.

(f) Construction in Process. (m) Work in Process.

(g) Petty Cash. (n) Salaries and Wages Payable.

Instructions

For each of the accounts above, indicate the proper balance sheet classification. In the case of borderline

items, indicate the additional information that would be required to determine the proper classification