From the dropdown box beside each numbered balance sheet item, select the option of its balance sheet classification. If the item should not appear on the balance sheet, choose the option "No item required" from the selection choices. Account Title 1. Prepaid Insurance (Expires in 5 months) Classification Account Title 11. Depreciation expense-Building 2. Trademarks 3. Cash 4. Patents 5. Interest receivable 6. Machinery 7. Prepaid rent (2 months of Rent) 8. Equipment 9. Repairs expense 10. Land (used in operations) 12. Office equipment 13. Owner, Capital 14. Buildings 15. Bonds payable (due in 10 years) 16. Accumulated depreciation-Trucks 17. Mortgages payable (due in 6 years) 18. Automobiles 19. Notes payable (due in 3 years) 20. Land held for future expansion Classification