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For each account listed, identify the category that it would appear on a classified balance sheet. Use the following categories: Current Assets; Long-term Investments; Property,

For each account listed, identify the category that it would appear on a classified balance sheet. Use the following categories: Current Assets; Long-term Investments; Property, Plant, and Equipment; Intangible Assets; Current Liabilities; Long-term Liabilities; and Owner's Equity. If the item does not belong on the classified balance sheet, put an X.

a.Land (used in operations)

b.Accumulated Depreciation-Equipment

c.Reed, Capital

d.Service Revenue e.Investment in Starbucks Corporation (to be held long-term)

f.Accounts Receivable

g.Equipment

h.Buildings

i.Notes Payable (due in 10 years)

j.Unearned Revenue

k.Cash

l.Accounts Payable

m.Prepaid Rent

n.Reed, Withdrawals

o.Land (held for investment purposes)

p.Depreciation Expense

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