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. Classification Account Title Classification Account Title 1. Prepaid rent (2 months of Rent) 11. Supplies 12. Goodwill 2 Salaries payable 3. Merchandise inventory 4. Current portion of long-term note payable 5. Short-term notes receivable (due in 1 month) 6. Unearned services revenue 7. Accounts receivable 8. Accounts payable 9. Short-term investments 10. Taxes payable (Due in 5 weeks) 13. Office supplies 14. Franchises 15. Store supplies 16. Copyrights 17. Prepaid insurance (Expires in 5 months) 18. Trademarks 19. Cash 20. Patents