The following accounts were taken from the financial statements of Callahan Company. Salaries and Wages Payable -----------------------
Question:
The following accounts were taken from the financial statements of Callahan Company.
Salaries and Wages Payable ----------------------- (2pts)
Service Revenue-------------------------------------- (2 pts)
Interest Payable ----------------------------------------(2pts.)
Goodwill ------------------------------------------------- (2pts.)
Debt Investment (SHORT-TERM).-------------------(2pts)
Mortgage Payable----------------------------------------(2pts.)
Stock Investments (Long-Term)-------------------------------(2 pts.)
Equipment---------------------------------------------------------(2 pts.)
Accumulated depreciation-Equipment--------------------------(2 pts.)
Common Stock---------------------------------------------------------(2 pts.)
Unearned Service Revenue-------------------------------------------(2 pts.)
INSTRUCTION:
Match each of the accounts to its proper balance sheet classification, SHOWN BELOW. If the item will not appear in the balance sheet, use “NA.”
Current assets (CA), Long-Term Investments (LTI), PROPERTY, PLANT, and Equipment (PPE), Intangible assets (IA), Current liabilities (CL), Long-term Liabilities (LTL) and Stockholders’ equity (SE).
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso