The following accounts were taken from the financial statements of Giles Company.
________ Interest revenue ________ Owner’s capital
________ Utilities payable ________ Accumulated depreciation—equipment
________ Accounts payable ________ Equipment
________ Supplies ________ Salaries and wages expense
________ Bonds payable ________ Debt investments (long-term)
________ Goodwill ________ Unearned rent revenue
Match each of the accounts to its proper balance sheet classification, as shown below. If the item would not appear on a balance sheet, use “NA.”
Current assets (CA) ......... Current liabilities (CL)
Long-term investments (LTI) ...... Long-term liabilities (LTL)
Property, plant, and equipment (PPE) .. Owner’s equity (OE)
Intangible assets (IA)