E4.1 (LO 1, 2) (Statement of Financial Position Classifications) Presented below are a number of statement of financial position accounts of Cunningham plc.

1. Investment in Preference Shares. 8. Interest Payable.

2. Treasury Shares. 9. Deficit.

3. Share Capital—Ordinary.

10. Trading Securities.

4. Dividends Payable. 11. Income Taxes Payable.

5. Accumulated Depreciation—Equipment.

12. Unearned Service Revenue.

6. Finished Goods. 13. Work in Process.

7. Petty Cash. 14. Salaries and Wages Payable.

Instructions For each of the accounts above, indicate the proper statement of financial position classification. In the case of borderline items, indicate the additional information that would be required to determine the proper classification.