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The following are the typical classifications used in a balance sheet: a. Current assets b. Investments C. Property, plant, and equipment d. Intangible assets e.

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The following are the typical classifications used in a balance sheet: a. Current assets b. Investments C. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities 8. Long-term liabilities h. Paid-in capital i. Retained earnings 12:08 Sok 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 2 3 Interest payable (due in 3 months) Franchise Accumulated depreciation Prepaid insurance for 2022) Bonds payable (due in 10 years) Current maturities of long-term det Notes payable (due in 3 months) Long-term related Restricted cash (wir bened to rebonds 10 years 10 11 12 13 14 15 5 Supplies Machinery Land (used in operations) Deferred revenue (for 2022) Copyrights Common stock Landheld for speculation) Cash equivalents Salaries payable 6 7 8 9 16 17 18

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