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 Classification Account Title 1. Merchandise inventory Current portion of long-term note 2 Current liabilities 11. Office supplies 12. Franchises payable Short-term notes receivable (due in 1 3. 13. Store supplies month) 4. Unearned services revenue Current liabilities 14. Copyrights 5. Accounts receivable 15. Prepaid Insurance (Expires in 5 months) 6. Accounts payable Current liabilities 16. Trademarks 7. Short-term investments 17. Cash 8. Taxes payable (Due in 5 weeks)) Current liabilities 18. Patents 9. Supplies 19. Interest receivable 10. Goodwill 20. Machinery < Prev 2 of 3 Next > Classification Current assets Current assets Current assets