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Classifying balance sheet accounts For each account listed identify the category that it would appear on a classified balance sheet. Use the following categories: Current

Classifying balance sheet accounts

For each account listed identify the category that it would appear on a classified balance sheet. Use the following categories: Current Assets, Long-term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-term Liabilities and Stockholders Equity. If the item does not belong on the classified balance sheet, put an X.

Land (used in operations)

Accumulated depreciationequipment

Common stock

Service revenue

Investment in Starbucks Corporation (to be held in long-term)

Accounts receivable

Equipment

Buildings

Note payable (due in 10 years.)

Unearned revenue

Cash

Accounts payable

Prepaid rent

Dividends

Land (held for investment purposes)

Depreciation

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