The following are the typical classifications used in a balance sheet:

a.	Current assets	f.	Current liabilities
b.	Investments	g.	Long-term liabilities
c.	Property, plant, and equipment	h.	Paid-in capital
d.	Intangible assets	i.	Retained earnings
e.	Other assets

Required: For each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification category. (If the item is a contra account, select the appropriate letter with a minus sign.)

1.		Interest payable (due in 3 months)	10.		Supplies
2.		Franchise	11.		Machinery
3.		Accumulated depreciation	12.		Land (used in operations)
4.		Prepaid insurance (for 2022)	13.		Deferred revenue (for 2022)
5.		Bonds payable (due in 10 years)	14.		Copyrights
6.		Current maturities of long-term debt	15.		Common stock
7.		Notes payable (due in 3 months)	16.		Land (held for speculation)
8.		Long-term receivables	17.		Cash equivalents
9.		Restricted cash (will be used to retire bonds in 10 years)	18.		Salaries payable