Question: Below is a list of items. Classify each into one of the following balance sheet categories: a. Cash c. Short-term Investments b. Receivables d.

Below is a list of items. Classify each into one of the following balance sheet categories: a. Cash c. Short-term Investments b. Receivables d. current liability # Item I.O.U.S 2 Savings account 3 petty cash funds 4 postdated checks 5 Bank overdraft I 6 Treasury bills maturing in six months 7 Common stock of another company (to be sold by December 31, this year) Answer

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