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

Saved Help Save & Exit SU The following are the typical classifications used in a balance sheet: a. Current assets b. Investments Property, plant, and equipment d. Intangible assets Other assets f. Current liabilities 8. Long-term liabilities h. Paid-in capital i. Retained earnings 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.) 2. 3 4. Interest payable (due in 3 months) Franchise Accumulated depreciation Prepaid insurance (for 2022) Bonds payable (due in 10 years) Current maturities of long-term debt Notes payable (due in 3 months) Long-term receivables 10 11 12 13 14 15 16 5 Supplies Machinery Land (used in operations) Deferred revenue (for 2022) Copyrights Common stock Land (held for speculation) Cash equivalents 6. 7 8. 17 71/2/3 i Saved Help Save & Exit Su b. Investments c. Property, plant, and equipment d. Intangible assets e. Other assets Current IDUAL 8 Long-term liabilities h. Paid-in capital i. Retained earnings 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. 10 2 3 11. 12 131 4. 5 Interest payable (due in 3 months) Franchise Accumulated depreciation Prepaid insurance (for 2022) Bonds payable (due in 10 years) Current maturities of long-term debt Notes payable (due in 3 months) Long-term receivables Restricted cash (will be used to retire bonds in 10 years) 14 Supplies Machinery Land (used in operations) Deferred revenue (for 2022) Copyrights Common stock Land (held for speculation) Cash equivalents Salaries payable 6 15 7. 16 8 171 9. 18