Question

The following accounts were taken from the financial statements of Orville Company.
______ Interest revenue ______ Common stock
______ Utilities payable ______ Accumulated depreciation—equipment
______ Accounts payable ______ Equipment
______ Supplies ______ Salaries and wages expense
______ Bonds payable ______ Investment in real estate
______ Trademarks ______ Unearned rent revenue
Match each of the accounts to its proper balance sheet classification, as shown below. If the item would not appear on a balance sheet, use “NA.”
Current assets (CA) ......... Current liabilities (CL)
Long-term investments (LTI) ...... Long-term liabilities (LTL)
Property, plant, and equipment (PPE) .. Stockholders’ equity (SE)
Intangible assets (IA)



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  • CreatedDecember 29, 2012
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