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Presented below are the captions of Faulk Company's balance sheet. Indicate where each of the following items would be classified. Preferred stock. Goodwill. Salaries and

Presented below are the captions of Faulk Company's balance sheet. Indicate where each of the following items would be classified.
Preferred stock.
Goodwill.
Salaries and wages payable
Accounts payable.
Buildings.
Equity investments (to be sold within one year).
Current maturity of long-term debt.
Premium on bonds payable.
Allowance for doubtful accounts.
Accounts receivable.
Notes payable (due next year).
Supplies.
Common stock.
Land.
Inventory.
Prepaid insurance.
Bonds payable.
Income taxes payable.
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