Problem 4-3A Determining balance sheet classifications LO C3 From the dropdown box beside each numbered balance sheet item, select the option of its balance sheet classification. If the item should not appear on the balance sheet, choose the option "No item required" from the selection choices. Account Title Classification Account Title Classification 1. Prepaid rent (2 months of Rent) 2. Equipment 3. Repairs expense 4. Land (used in operations) 5. Depreciation expenseBuilding 6. Office equipment 7. Owner, Capital 8. Buildings 9. Bonds payable (due in 10 years) 10. Accumulated depreciationTrucks 11. Mortgages payable (due in 6 years) 12. Automobiles 13. Notes payable (due in 3 years) 14. Land held for future expansion 15. Notes payable (due in 2 months) 16. Notes receivable (due in 2 years) 17. Interest payable (due in 1 week) 18. Long-term investment in stock 19. Wages payable 20. Office supplies