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

1. Current Assets
2. Investments
3. Property, Plant, and Equipment
4. Intangible Assets
5. Other Assets
6. Current Liabilities
7. Long-term Liabilities
8. Paid-in Capital
1. Retained Earnings

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, place a minus sign before the chosen letter.

1. Interest Payable-f
2. Franchise
3. Accumulated Depreciation
4. Prepaid Insurance
5. Bonds Payable
6. Current Maturities
7. Notes Payable
8. Long-Term Receivables
9. Restricted Cash
10. Supplies
11. Machinery
12. Land
13. Deferred Revenue
14. Copyrights
15. Common Stock
16. Land (held for speculation)
17. Cash equivalents
18. Salaries Payable