E5-1 (LO2,3) (Balance Sheet Classifications) Presented below are a number of balance sheet accounts of Deep Blue Something, Inc.

(a)Debt Investments.

(b)Treasury Stock.

(c)Common Stock.

(d)Dividends Payable.

(e)Accumulated DepreciationEquipment.

(f)Construction in Process.

(g)Petty Cash.

(h)Interest Payable.

(i)Deficit.

(j)Equity Investments (ownership stake of less than 20%).

(k)Income Taxes Payable.

(l)Unearned Subscriptions Revenue.

(m)Work in Process.

(n)Salaries and Wages Payable.

Instructions

For each of the accounts above, indicate the proper balance sheet classification. In the case of borderline items, indicate the additional information that would be required to determine the proper classification.