Question: From the dropdown box beside each numbered balance sheet Item, select the option of its balance sheet classification. If the item should not appear



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 1. Interest receivable Current assets 2 Machinery Book 3 Prepaid rent (2 months of Rent) Current liabilities 4 Equipment Print "erences 5. Repairs expense 6 Land (used in operations) 7 Depreciation expense-Duilding 8. Office equipment 9 Owner Capital 10 Buildings Account Title 11 Bonds payable (due in 10 years) 12 Accumulated depreciation-Trucks 13 Mortgages payable (due in 6 years) 14. Automobiles 15 Notes payable (due in 3 years) 16 Land held for future expansion 17 Notes payable (due in 2 months) 18 Notes receivable (due in 2 years) 19 Interest payable (due in 1 week) 20 Long-term investment in stock Classification Check my work
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