CALCULATOR PRINTER VERSION BACK NEXT Exercise 5-3 For Fielder Enterprises, indicate how each of the following usually should be classified. If an item should appear in a note to the financial statements, select "Note to Financial Statement to indicate this fact. If an item needs to be reported on the balance sheet, select "Balance Sheet and it an item need not be reported at all, select "Not to be Reported." 1. Transactions Prepaid insurance. Stock owned in affiliated companies Reported in Classification 2. 3. Unearned service revenue. 4. Advances to suppliers. v 5. Unearned rent revenue. Preferred stock 6. w 7. Additional pald-in capital on preferred stock 8. Copyrights 9. Petty cash fund 10. Sales taxes payable. 12. 13. 14. Accrued interest on notes receivable. Twenty year issue of bonds payable that will mature within the next year. (No sinking fund exists, and refunding is not planned.) Machinery retired from use and held for sale. Fully depreciated machine still in use. Accrued interest on bonds payable. Salaries that company budget shows will be paid to employees within the next year Discount on bonds payable. (Assume related to bonds payable in vom 12) 15 16 17. dy peyebie in tem 12.) 18. Accumulated Depreciation-Buildings Shares held by noncontrolling stockholders. 19