Help The following are the typical classifications used in a balance sheet: 4 25 Doints a. Current assets b. Investments and funds Property, plant, and C. equipment d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h. Pald-in-capital 1. Retained earnings 01:53:22 Required: For each of the following 2016 balance sheet items, use the letters above to indicate the appropriate classification category. (If the item is a contra account, select the appropriate letter with a minus sign.) eBook Print 10. 1. 2. 3 11. References 12. 4. 13 Accrued interest payable Franchise Accumulated depreciation Prepaid insurance, for 2017 Bonds payable, due in 10 years Current maturities of long-term debt Note payable, due in three months Long-term receivables Restricted cash, will be used to retire bonds in 10 years 5. Supplies Machinery Land, in use Deferred revenue Copyrights Preferred stock Land, held for speculation Cash equivalents Wages payable 14 15. 6. 16 7. 17 8 18. 9 Ne 4 of 4 !!!