In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification. If the item should not appear on the balance sheet, enter a Z in the blank.
A. Current assets
B. Long-term investments
C. Plant assets
D. Intangible assets
E. Current liabilities
F. Long-term liabilities
G. Equity
_______ 1. Machinery
_______ 2. Prepaid insurance
_______ 3. Current portion of long-term note payable
_______ 4. Interest receivable
_______ 5. Rent receivable
_______ 6. Land (used in operations)
_______ 7. Copyrights
_______ 8. Rent revenue
_______ 9. Depreciation expense—Trucks
_______ 10. Long-term investment in stock
_______ 11. Office supplies
_______ 12. Interest payable
_______ 13. Owner, Capital
_______ 14. Notes receivable (due in 120 days)
_______ 15. Accumulated depreciation—Trucks
_______ 16. Salaries payable
_______ 17. Commissions earned
_______ 18. Income taxes payable
_______ 19. Office equipment
_______ 20. Notes payable (due in 15 years)