Exxon Mobil Corporation explores, produces, refines, markets, and supplies crude oil, natural gas, and petroleum products in the United States and around the world. Required: Indicate how the accounts normally should be categorized on a classified balance sheet. Also indicate whether the account normally has a debit or credit balance. Balance Sheet Classification Debit or Credit Balance (7) Prond (1) Notes and Loans Payable (short-term) (2) Materials and Supplies (3) Common Stock (4) Intangible Assets (5) Income Taxes Payable (6) Long-Term Debt Property, Plant, and Equipment (8) Retained Earnings Notes and Accounts Receivable (9) (short-term) (10) Investments (long-term) |(11) Cash and Cash Equivalents | Accounts Payable and Accrued |(12) Liabilities |(13) Crude Oil, Products and Merchandise |(14) Additional Paid-in Capital