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

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

 

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