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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 Equity For each of

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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 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 Plant assets Classification Current assets Current assets Current sets Account Title 1 Machinery 2: Salarios payable 3. Merchandise inventory 4. Interest receivable 5. Rental revenue Uneamed revenue 7. Accounts receivable B. Accounts payable 9. Short-term investments 10. Taxes payable (Due in 5 weeks) Account Title 11 Supplies 12. Goodwill 13. Office supplies 14. Franchises 15. Store supplies 10. Copyrights 17. Prepaid Insurance expires in 5 months) 18. Trademarks 19. Cash 20. Patents Current assots Current assets Current les Currentes Current liabilities

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