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SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 32) 32) The alphabetized adjusted trial balance for SimCo

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SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 32) 32) The alphabetized adjusted trial balance for SimCo Electrical Outfitters at August 31, 2015, is shown below. Identify how each account balance would be classified on a balance sheet given the following classification symbols: CA Current assets CL Current liabilities PPE Property, plant and equipment LTL Long-term liabilities IA Intangible asset OE Equity LTI Long-term investment NA Not applicable to a balance sheet Debit Credit $ 14,000 $7,000 3,000 14,000 Accounts payable Accounts receivable Accumulated depreciation, tools Accumulated depreciation, truck Depreciation expense, tools Depreciation expense, truck Cash Copyright Electrical fees earned Electrical supplies Insurance expense Interest expense Notes receivable, de November 20, 2017 Jade Samosan, capital 1,500 2,400 14,000 3,400 84,400 22,000 850 600 8,000 18,550 21,000 18,000 1,700 Notes payable, due August 31.2022 Notes payable, due June 1, 2016 Prepaid insurance Prepaid rent Rent expense Salaries expense Salaries payable Tools Truck Uneared electrical fees Totals 700 4,800 14,000 8,000 2,100 14,000 27,000 $159.250 3,500 $159.250

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