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

Balance Sheet Accounts

Balance Sheet Classification

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.

Commonstock.

Land.