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 Account Title Classification 11. Unearned services revenue 12. Accumulated depreciation-Trucks 13. Prepaid insurance (expires in 5 months) 14. Buildings 15. Store supplies 16. Office equipment 17. Land (used in operations) 18. Repairs expense 1. Long-term investment in stock 2. Depreciation expense-Building 3. Prepaid rent (2 months of rent) 4. Interest receivable 5.Taxes payable (due in 5 weeks) 6. Automobiles 7. Notes payable (due in 3 years) 8. Accounts payable 9, Cash 19. Office supplies 10. Owner, Capital 20. Current portion of long-term note payable
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
