Current Attempt in Progress

Presented below are the captions of Faulk Company's balance sheet. Indicate where each of the following items would be classified.

Balance Sheet Accounts

Preferred stock.

Goodwill.

Salaries and wages payable

Accounts payable.

Buildings.

Equity investments $($to be sold within one

Current maturity of long$-$term debt.

Premium on bonds payable.

Allowance for doubtful accounts.

Accounts receivable.

Current maturity of long$-$term debt.

Premium on bonds payable.

Allowance for doubtful accounts.

Accounts receivable.

Notes payable $($due next year$).$

Supplies.

Common stock.

Land.

Inventory.

Prepaid insurance.

Bonds payable.

Income taxes payable.