E2-3 Classifylng Accounts and Their Usual Balances LO2-2, 2-4 As described in a recent annual report, Verizon Communicatlons provides wireless volce and data services across one of the most extensive wireless networks In the United States. Vertzon 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 Vertzon Required: For each account, select whether the account is usually classified as a current asset (CA), noncurrent asset (NCA), current liability (CL) noncurrent liability (NCL), or stockholders' equity (SE) and whether the account usually has a debit or credit balance Balance Sheet Categorization Debit or Credit Balance Account (1) Accounts Receivable (2 Retained Eanings (3) Accrued Expenses Payable (4 Prepaid Expenses (5) Common Stock (0)Long-Term Investments (7 Plant Property, and Equipment (8) Accounts Payable ces (9 Short-Term Investments (10 Long-Term Deb 7 or 20 KPrev Next >