In the blank space beside each numbered balance sheet item, enter the

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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.  ____ Office equipment

2.  ____Office supplies

3.  ____Buildings

4.  ____Store supplies

5.  ____Accumulated depreciation —trucks

6. ____Land ( Used in Operation)

7.  ____Repairs expenses

8.  ____Cash 

9.  ____Current portion of long-term note payable

10.  ____Long-term investment in stock

11.  ____Depreciation expenses —Building

12.____Prepaid rent

13.  ____Interest received

14.  ____Taxes payable

15.  ____Automobiles

16.  ____Notes payable (Due in 3 years)

17.____Accounts payable

18.____Prepaid Insurance

19.____Owner, Capital

20.____Unearned services revenue