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Indicate the section where each of the following items would be reported on the Jones corporation balance sheet. Use the following abbreviations to report the

Indicate the section where each of the following items would be reported on the Jones corporation balance sheet.

Use the following abbreviations to report the relevant balance sheet section:

CA = Current Asset

I = Investments

PA = Plant Assets

IA = Intangible Assets

CL = Current Liabilities

LTL = Long-Term Liabilities

PIC = Paid-In Capital

RE = Retained Earnings

A. 10 month notes payable (due after current year)

B. Long-Term Investment in IBM Bonds

C. Premium on Bond Investment

D. Bond sinking fund

E. Preferred Stock

F. Paid In Capital Common Stock

G. Retained Earnings Appropriation for a Bond Sinking Fund

H. Investment (25%) in Adkins Co. bonds

I. Unamortized Discount on Bond Investment (on bonds due in year 2015)

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