The following are the typical classifications used in a balance sheet:
a. Current assets
b. Investments
c. Property, plant, and equipment
d. Intangible assets
e. Current liabilities
f. Long-term liabilities
g. Paid-in capital
h. Retained earnings

Required:
For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus sign before the chosen letter.

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1.. 2. 3. 4. 5. 6. 7. 8. 9. Equipment Accounts payable Allowance for uncollectible accounts Land (held for investment) Notes payable (due in 5 years) Deferred revenue (for the next 12 months) Notes payable (due in 6 months) Accumulated amount of net income less dividends Investment in XYZ Corp. (long-term) 10.. 11.. 12. 13. 14. 15.. 16. 17. 18. Inventory Patent Land (used in operations) Accrued liabilities (due in 6 months _Prepaid rent (for the next 9 months) Common stock Building (used in operations) Cash Income taxes payable