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Classify each of the following accounts taken from Raman Companys balance sheet. Accounts Balance Sheet Classification Accounts payable select a balance sheet classification Current AssetsLong-term

Classify each of the following accounts taken from Raman Companys balance sheet.

Accounts

Balance Sheet Classification

Accounts payable

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Accounts receivable

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Cash

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Common stock

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Patents

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Salaries and wages payable

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Inventory

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Stock investments (to be sold in 7 months)

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Accumulated depreciationequipment

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Buildings

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Land (in use)

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Notes payable (due in 2 years)

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Supplies

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Equipment

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

Prepaid expenses

select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity

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