Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets,...

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Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the following items, identify the balance sheet category where the item typically would best appear. If an item does not appear on the balance, indicate that instead. Account Title 1. Accounts receivable 2. Accounts payable 3. Short-term investments 4. Taxes payable (Due in 5 weeks) 5. Supplies 6. Goodwill 7. Office supplies 8. Franchises 9. Store supplies 10. Copyrights Classification Account Title 11. Prepaid Insurance (expires in 5 months) 12. Trademarks 13. Cash 14. Patents 15. Interest receivable 16. Machinery 17. Prepaid rent (2 months of Rent) 18. Equipment 19. Repairs expense 20. Land Classification Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the following items, identify the balance sheet category where the item typically would best appear. If an item does not appear on the balance, indicate that instead. Account Title 1. Accounts receivable 2. Accounts payable 3. Short-term investments 4. Taxes payable (Due in 5 weeks) 5. Supplies 6. Goodwill 7. Office supplies 8. Franchises 9. Store supplies 10. Copyrights Classification Account Title 11. Prepaid Insurance (expires in 5 months) 12. Trademarks 13. Cash 14. Patents 15. Interest receivable 16. Machinery 17. Prepaid rent (2 months of Rent) 18. Equipment 19. Repairs expense 20. Land Classification