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.)

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.) Answer is complete but not entirely correct. 1. -a 10. a 2. 11. 3. -C 12. 4. e 13. -e 5. -b X Interest payable (due in 3 months) X Franchise Accumulated depreciation X Prepaid insurance (for 2022) * Bonds payable (due in 10 years) X Current maturities of long-term debt X Notes payable (due in 3 months) Long-term receivables Restricted cash (will be used to retire bonds in 10 years) 14. d Supplies Machinery Land (used in operations) X Deferred revenue (for 2022) Copyrights X Common stock Land (held for speculation) Cash equivalents X Salaries payable 6. -a 15. -d 7. -a 16. b 8. b 17. a 9. e 18. -e