Question: Blank problems Determining balance sheet classifications C3 in the blank space beside each numbered balance sheet item, enter the letter of its bal classification. If
Determining balance sheet classifications C3 in the blank space beside each numbered balance sheet item, enter the letter of its bal 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 Z 1.Commissions earned A 2.Interest receivable B 3.Long-term investment in stock A 4.Prepaid insurance C 5.Machinery F 6.Notes payable (due in 15 years) D 7.Copyrights E 8.Current portion of long-term note payable 9.Accumulated depreciation-Trucks A 10.Office equipment 11.Rent receivable 12.Salaries payable 13.lncome taxes payable G 14.0wner. Capital 15.0ffice supplies E 16.lnterest payable 17.Rent revenue A 18.Notes receivable (due in 120 days) A 19.Land (used in operations) 20.Depreciation expense-Trucks
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