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The following accounts appear in an adjusted trial balance of XYZ company. Indicate whether each account would be reported in the (a) current asset;
The following accounts appear in an adjusted trial balance of XYZ company. Indicate whether each account would be reported in the (a) current asset; (b) property, plant, and equipment; (c) current liability; (d) long-term liability; or (e) owner's equity section of the December 31, 2022, balance sheet of XYZ company. (1/2 point each) 1.Lorenzo, Capital 2.Notes Receivable (due in a year) 3. Accounts Payable (due in 7 months) 4.Land 5.Cash 6.Unearned Rent (4 months) 7.Accumulated Depreciation-Machinery 8.Accounts Receivable 10.Bank Loan (due in 5 years)
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