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The financial statement of Chehade Services included the following accounts. (a) Under the column Financial Statement, choose from the list of codes below, the appropriate
The financial statement of Chehade Services included the following accounts. (a) Under the column Financial Statement, choose from the list of codes below, the appropriate financial statement where the accounts listed would appear. Financial State ment Code Income Statement I/S Balance Sheet B/S Statement of Owner's Equity O/E For the column Balance Sheet Classification, choose the appropriate balance sheet classification from the list of codes below. If the account does not belong in the balance sheet, use the code n/a. (b Code Balance Sheet Current Assets CA Long-term Investments LTI Property, Plant and Equipment PPE Intangibles I Goodwill G Current Liabilities CL Non-Current Liabilities NCL Owner's Equity OE Not on the Balance Sheet n/a (a) (b) Accounts in financial statement Financial Statement Balance Sheet Classification Accumulated depreciation furniture Long-term debt investments Furniture Depreciation expense Trademarks (indefinite life) Rent expense Salaries payable Accounts payable Interest expense Mortgage payable, due in 5 years Prepaid rent V. Wong, drawings Salaries expense Prepaid insurance Cash Accounts receivable Supplies Notes payable, due in 6 months Supplies expense Service revenue Long-term investment Advertising expense Goodwill Utilities expense Notes payable, due in 2 years Unearned revenue Repair parts inventory Repairs expense Patents (finite life) Interest payable
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