In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification. If the item should not appear on the balance sheet, enter a Z in the blank. A. Current assets B. Long-term investments C. Plant assets D. Intangible assets E. Current liabilities F. Long-term liabilities G. Equity 1. Long-term investment in stock 2. Depreciation expense—Building 3. Prepaid rent (2 months of rent) 4. Interest receivable 5. Taxes payable (due in 5 weeks) 6. Automobiles 7. Notes payable (due in 3 years) 8. Accounts payable 9. Cash 10. Owner, Capital 11. Unearned services revenue 12. Accumulated depreciation—Trucks 13. Prepaid insurance (expires in 5 months) 14. Buildings 15. Store supplies 16. Office equipment 17. Land (used in operations) 18. Repairs expense 19. Office supplies 20. Current portion of long-term note payable
In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification.
If the item should not appear on the balance sheet, enter a Z in the blank. A. Current assets
B. Long-term investments
C. Plant assets
D. Intangible assets E. Current liabilities
F. Long-term liabilities
G. Equity 1. Long-term investment in stock
2.
3. Prepaid rent (2 months of rent)
4. Interest receivable
5. Taxes payable (due in 5 weeks)
6. Automobiles
7. Notes payable (due in 3 years)
8. Accounts payable
9. Cash
10. Owner, Capital
11. Unearned services revenue
12. Accumulated depreciation—Trucks
13. Prepaid insurance (expires in 5 months)
14. Buildings
15. Store supplies
16. Office equipment
17. Land (used in operations)
18. Repairs expense
19. Office supplies
20. Current portion of long-term note payable
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