E2-1 the following

CISES unts on balance E2-1 The following are the major balance sheet classifications. Current assets (CA) Long-term investments (LTI) Property, plant, and equipment (PPE Intangible assets (IA) Current liabilities (CL) Long-term liabilities (LTL) Stockholders' equity (SE) Instructions Classify each of the following financial statement items taken from Ming Corporation's balance sheet. Accounts payable Income taxes payable Inventory Stock investments (to be sold in 7 months) Land (in use) Mortgage payable Supplies Equipment -Accounts receivable Accumulated depreciaton equipment Buildings _ Cash Interest payable Goodwill Prepaid rent E2-2 The major balance sheet classifications are listed in E2-1 Instructions Classify each of the following financial statement items based upon the major balance sheet classifications listed in E2-1 cial statement nce sheet Prepaid advertising Patents Bonds payable Common stock Accumulated depreciation Equipment Trademarks Salaries and wages payable Income taxes paya Retained earnings Accounts receivable Land (held for future use) ble equipment -Unearned sales revenue Inventory