The following are a few of the accounts of Aim
The following are a few of the accounts of Aim Delivery Corporation:
____1. Salaries and Wages Payable
____2. Accounts Payable
____ 3. Accounts Receivable
____ 4. Buildings
____ 5. Cash
____ 6. Common Stock
____ 7. Land
____ 8. Income Taxes Payable
____ 9. Equipment
____ 10. Notes Payable (due in six months)
____ 11. Retained Earnings
____ 12. Supplies
In the space provided, classify each as it would be reported on a balance sheet. Use the following codes:
CA = Current Asset
CL = Current Liability
SE = Stockholders’ Equity
NCA = Noncurrent Asset
NCL = Noncurrent Liability
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