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Common categories of a classified balance sheet include Current Assets, Long - Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long - Term Liabilities, and

Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the following items, identify the balance sheet category where the item typically would best appear. If an item does not appear on the balance sheet, indicate that instead.
\table[[Account Title,Classification,Account Title],[1. Automobiles,Plant assets,11. Merchandise inventory],[2. Notes payable (due in 3 years),Long-term liabilities,12. Franchises],[3. Utilities expense,,13. Rental revenue],[4. Services revenue,,14. Unearned revenue],[5. Notes receivable (due in 2 years),,15. Accounts receivable],[6. Interest payable (due in 1 week),,16. Accounts payable],[7. Long-term investment in stock,Long-term investments,17. Short-term investments],[8. Wages payable,,18. Taxes payable (Due in 5 weeks)],[9. Office supplies,Current assets,19. Supplies],[10. Salaries payable,,20. Goodwill]]
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