For Fielder Enterprises, indicate how each of the following usually should be classified. If an item...
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For Fielder Enterprises, indicate how each of the following usually should be classified. If an item should appear in a note to the financial statements, select "Note to Financial Statement" to indicate this fact. If an item needs to be reported on the balance sheet, select "Balance Sheet" and if an item need not be reported at all, select "Not to be Reported." Transactions 1. Prepaid insurance. 2. Stock owned in another company. 3. Unearned service revenue. 4. Advances to suppliers. 5. Unearned rent revenue. 6. Preferred stock. 7. Additional paid-in capital on preferred stock. 8. Copyrights. 9. Petty cash fund. 10. Sales taxes payable. 11. Accrued interest on notes receivable. 12. Twenty-year issue of bonds payable that will mature within the next year. 13. Machinery retired from use and held for sale. 14. Fully depreciated machine still in use. 15. Accrued interest on bonds payable. 16. Salaries that company budget shows will be paid to employees within the next year. 17. 18. Discount on bonds payable. (Assume related to bonds payable in item 12) Accumulated depreciation-buildings. Reported in Classification For Fielder Enterprises, indicate how each of the following usually should be classified. If an item should appear in a note to the financial statements, select "Note to Financial Statement" to indicate this fact. If an item needs to be reported on the balance sheet, select "Balance Sheet" and if an item need not be reported at all, select "Not to be Reported." Transactions 1. Prepaid insurance. 2. Stock owned in another company. 3. Unearned service revenue. 4. Advances to suppliers. 5. Unearned rent revenue. 6. Preferred stock. 7. Additional paid-in capital on preferred stock. 8. Copyrights. 9. Petty cash fund. 10. Sales taxes payable. 11. Accrued interest on notes receivable. 12. Twenty-year issue of bonds payable that will mature within the next year. 13. Machinery retired from use and held for sale. 14. Fully depreciated machine still in use. 15. Accrued interest on bonds payable. 16. Salaries that company budget shows will be paid to employees within the next year. 17. 18. Discount on bonds payable. (Assume related to bonds payable in item 12) Accumulated depreciation-buildings. Reported in Classification
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