This case focuses on the following student learning objectives in this module as it relates to the course objectives (CO) described under the Getting Started - About This Course page:

Identify financial effects of common business activities that affect the balance sheet. (CO2, CO3)

General Instructions: For this discussion board, you will have an excellent opportunity of considering the classifications of accounts on the Balance Sheet. This discussion will enable you to learn more about the parts of the Balance Sheet as well as a topic of your choice from the chapter.

Detailed Instructions: Initial Post due by Friday at 23:59pm EST

The following are accounts from Jones Electric:

1. Salaries and Wages Payable

2. Accounts Payable

3. Accounts Receivable

4. Buildings

5. Cash

6. Common Stock

7. Land

8. Income Tax Payable

9. Equipment

10. Notes Payable (due in six months)

Classify each account as it would be reported on the Balance Sheet by selecting one of the following:

CA = Current Assets

CL = Current Liabilities

SE = Stockholders' Equity

NCA = Noncurrent Asset

NCL = Noncurrent Liability