QUESTION 16

BALANCE SHEET CLASSIFICATIONS

Instructions: Match the account titles given below with the appropriate Balance Sheet classification. An individual classification may be used more than once, or not at all.

An account may also not appear in the balance sheet.

Classifications

A. Current Assets E. Current Liabilities

B. Long-term Investments F. Long-term Liabilities

C. Property, Plant and Equipment G. Owner's Equity

D. Intangible Assets H. Not separately presented on the

Balance Sheet

Account Titles

_____ 1. A. Browning, Capital ____ 10. Prepaid Insurance

_____ 2. Unearned Rent Revenue ____ 11. Short-term Investments

_____ 3. Supplies ____ 12. Taxes Payable

_____ 4. Accounts Payable ____ 13. Copyrights

_____ 5. Trademarks ____ 14. Accounts Receivable

_____ 6. Salaries Payable ____ 15. Mortgage Payable

_____ 7. Equipment ____ 16. A. Browning, Drawing

_____ 8. Service Revenue ____ 17. Accumulated Depreciation Equipment

_____ 9. Rent Expense

1.

2.

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4.

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7.

8.

9.

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11.

12.

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14.

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16.

17.