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. Account Title Classification Long-term investments Account Title Long-term investments 11. Ubilities expense 12. Services revenue 1. Land 2. Depreciation expense-Building 3. Office equipment 4. Taxes payable (Due in 5 weeks) Plant assets 5. Buildings 6. Bonds payable (due in 10 years) 7. Trucks 8. Mortgages payable (due in 0 years) 9. Automobiles 10. Notes payable (due in 3 years) Long-term liabilities Equity Intangible assets Long-term investments Not on balance sheet 13. Notes receivable (due in 2 years) Interest payable (due in 1 week) Long-term investment in stock Wages payable ffice supplies Salaries payable Merchandise inventory Franchises Classification