Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, and Long-Term Liabilities. For each of the following items, identify the balance sheet category where the item would most likely appear. Items 1. Land 2. Notes payable (due in five years) 3. Accounts receivable 4. Trademarks 5. Accounts payable 6. Equipment 7. Wages payable 8. Cash Balance Sheet Category

Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, and Long-Term Liabilities. For each of the following items, identify the balance sheet category where the item would most likely appear