Retained earnings Required: For each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification category of the item is a contra account, select the appropriate letter with a minus sign.) 1. 2. e 3. 4. 5. 6. d 7 8. b 9. h Interest payable (due in 3 months) Franchise Accumulated depreciation, Prepaid insurance (for 2022) Bonds payable (due in 10 years) Current maturities of long-term debt Answer is not complete. Notes payable (due in 3 months) Long-term receivables Restricted cash (will be used to retire bonds in 10 years) 10 C 11 C Supplies Machinery 12 C 13 f 14. d 15. b Land (used in operations) Deferred revenue (for 2022) Copyrights Common stock 16 14 Land (held for speculation) 17. d Cash equivalents 18 Salaries payable Prey 1 of 7 Next > Return to quon