counting concept did you apply? Classifying Accounts and Their Usual Balances As described in a recent annual report, Verizon Communications provides wireless voice and data ser- vices across one of the most extensive wireless networks in the United States. Verizon now serves more than 100 million customers, making it the largest wireless service provider in the United States in terms of the total number of customers. The following are accounts from a recent balance sheet for Verizon: E2-3 LO2-2, 2-4 (1) Accounts Receivable (6) Long-Term Investments (7) Plant, Property, and Equipment (8) Accounts Payable (2) Retained Earnings (3) Accrued Expenses Payable (4) Prepaid Expenses (5) Common Stock (9) Short-Term Investments (10) Long-Term Debt Required: For each account, indicate (1) whether the account is usually classified as a current asset (CA), noncur- rent asset (NCA), current liability (CL), noncurrent liability (NCL), or stockholders' equity (SE) item and (2) whether the account usually has a debit or credit balance. F2-4