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 on


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 Classification 1. Cash nces 2. Patents 3. Interest receivable 4. Machinery 5. Prepaid rent (2 months of Rent) 6. Equipment 7. Repairs expense 8. Land (used in operations) 9. Depreciation expense- Building 10. Office equipment Account Title 11. Common stock 12. Buildings 13. Bonds payable (due in 10 years) 14. Accumulated depreciation-Trucks 16. Mortgages payable (due in 6 years) 16. Automobiles 17. Notes payable (due in 3 years) 18. Land held for future expansion 19 Notos payable (due in 2 months) 20. Notes receivable (due in 2 years) Bor Current assets |Acc Current liabilities Mor Equity Aut Intangible assets Note Lan Long-term investments Note Long-term liabilities 20. Note Intangible assets Long-term investments Long-term liabilities No item required Plant assets 20
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