Chapter 5 Assignment: Balance Sheet and Statement of Cash Flows Exercise 1 - Balance Sheet ASSETS LIABILITIES AND CAPITAL a. Current assets f. Current liabilities b. Investments g Long-term liabilities C. Plant and equipment h. Preferred stock d. Intangibles Common stock e. Other assets Additional paid-in capital K Retained earnings Items excluded from balance sheet Using the letters above, classify the following accounts according to the ordinary balance sheet presentation 1. Bond sinking fund 2. Common stock dividend distributable 3. Appropriation for plant expansion 4. Bank overdraft 5. Bonds payable (due 2020) 6. Premium on common stock 7. Securities owned by another company which are collateral for that company's note 8. Equity investments (trading) 9. Inventory 10. Discount on bonds payable 11. Patents 12. Unearned rent revenue 1