Question: 6 the following accounts were taken from the financial statements of AK Company. 1. interest Revenue 7. Сapital utility payable Accumulated deprecation 2. 8. account payable 9. 3. Machinery _supplies Expenses 10. Salary 4. bonds Payable Investment in real estate 5. 11. 6. _Trade Marks 12. Unearned Rent Instructions: match each of the account to its proper balance sheet classification, as shown below. If the item would not appear on balance sheet, use "NA" Current asset (CA) , Current Liability (CL), property, plant, and equipment (PPE), long term liability (LTL), long term Investment (LTI), Intangible Asset (IA), Owner Equity (OE).

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 5PA: Identify the financial statement on which each of the following account categories would appear: the...
icon
Related questions
Question
Question: 6 the following accounts were taken from the
financial statements of AK Company.
1.
interest Revenue
7.
Сapital
utility payable
Accumulated deprecation
2.
8.
account payable
9.
3.
Machinery
_supplies
Expenses
10.
Salary
4.
_bonds Payable
11.
5.
Investment in real estate
6.
Trade Marks
12.
Unearned Rent
Instructions: match each of the account to its proper balance
sheet classification, as shown below. If the item would not
appear on balance sheet, use "NA"
Current asset (CA) , Current Liability (CL), property, plant, and
equipment (PPE), long term liability (LTL), long term
Investment (LTI), Intangible Asset (IA), Owner Equity (OE).
Transcribed Image Text:Question: 6 the following accounts were taken from the financial statements of AK Company. 1. interest Revenue 7. Сapital utility payable Accumulated deprecation 2. 8. account payable 9. 3. Machinery _supplies Expenses 10. Salary 4. _bonds Payable 11. 5. Investment in real estate 6. Trade Marks 12. Unearned Rent Instructions: match each of the account to its proper balance sheet classification, as shown below. If the item would not appear on balance sheet, use "NA" Current asset (CA) , Current Liability (CL), property, plant, and equipment (PPE), long term liability (LTL), long term Investment (LTI), Intangible Asset (IA), Owner Equity (OE).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Investments and Financial instruments
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,