Question Content Area

Indicate whether each of the following would be reported in the financial statements as a $($a$)$ current asset, $($b$)$ property, plant, and equipment, $($c$)$ current liability, $($d$)$ revenue, or $($e$)$ expense:

AccountClassification$1.$ Truck

Current AssetCurrent LiabilityExpenseProperty, Plant, and EquipmentRevenue

$2.$ Accumulated Depreciation

Current AssetCurrent LiabilityExpenseProperty, Plant, and EquipmentRevenue

$3.$ Telephone Expense

Current AssetCurrent LiabilityExpenseProperty, Plant, and EquipmentRevenue

$4.$ Fees Earned

Current AssetCurrent LiabilityExpenseProperty, Plant, and EquipmentRevenue

$5.$ Wages Payable

Current AssetCurrent LiabilityExpenseProperty, Plant, and EquipmentRevenue

$6.$ Prepaid Insurance

Current AssetCurrent LiabilityExpenseProperty, Plant, and EquipmentRevenue

$7.$ Office Supplies

Current AssetCurrent LiabilityExpenseProperty, Plant, and EquipmentRevenue

$8.$ Dining Expense

Current AssetCurrent LiabilityExpenseProperty, Plant, and EquipmentRevenue

$9.$ Unearned Rent