Chapter 4 The Balance Sheet and the Statement of Shareholders' Equity Classifications on Balance Sheet The balance sheet contains the following major sections: A. Current assets B. Long-term investments C. Property, plant, and equipment D. Intangible assets E. Other assets Required: F. Current liabilities G. Long-term liabilities H. Contributed capital I. Retained earnings J. Accumulated other comprehensi The following is a list of several accounts. Using the letters A through J, indicate in which section of sheet each of the accounts would be classified. Also indicate with a check mark () any item that account. If an account cannot be classified in any of the preceding sections, indicate with an X and E- 1. Cash 2. Bonds Payable (due in 8 years) 3. Machinery 4. Deficit 5. Unexpired Insurance 6. Franchise (net) 7. Fund to Retire Preferred Stock 8. Current Portion of Mortgage Payable 9. Accumulated Depreciation 10. Copyrights 11. Investment in Held-to-Maturity Bonds 12. Allowance for Doubtful Accounts 13. Notes Receivable (due in 3 year 14. Property Taxes Payable 15. Deferred Taxes Payable 16. Additional Paid-in Capital on P _ 17. Premium on Bonds Payable (due 18. Work in Process 19. Common Stock, $1 par 20. Land 21. Treasury Stock (at cost) 22. Unrealized Increase in Value of Sale Securities LO