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Using Excel to Classify Accounts PROBLEM The following are the major balance sheet classifications: 3 CA LTI PPE IA CL LTL SE Current assets Long-term

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Using Excel to Classify Accounts PROBLEM The following are the major balance sheet classifications: 3 CA LTI PPE IA CL LTL SE Current assets Long-term investments Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Stockholders' equity 1 2 3 4 5 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the respective abbreviations in Problem area. Match each of the accounts listed in the student work area to its proper balance sheet classification. Inventory Income taxes payable e Accounts receivable Land Accumulated depreciation-buildings Buildings Debt investments (long-term) Cash Accounts payable Copyrights Patents Supplies

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