Question: just 2-4 Ch 2 Problem Set B Problem 2-3 Instructions: Match each account with its appropriate classification Account Name Classification 1. Accounts Payable Current Aucts
Ch 2 Problem Set B Problem 2-3 Instructions: Match each account with its appropriate classification Account Name Classification 1. Accounts Payable Current Aucts 2 Accounts Receivable b. Property, Plant & Equipment 3. Accumulated Depreciation Buildings, Intangible Assets 4. Bonds Payable Due in 5 years d. Current Liabilities 5. Buildings Long-term abilities 6. Cash I. Contributed Capital 7. Common Stock 8. Retained Earnings & Copyright 9. Inventory 10. Prepaid Insurance 11. Rent Payable 12. Supplies 13. Uneared Service Revenue Problem 2-4 The adjusted trial balance shows the ending balances as of December 31, 2020 for the following accounts for Redbirds, Inc. All amounts reflect normal balances for the accounts. Note: This is the same trial balance used in Problem 2-2. Accounts Payable $ 10.000 Accounts Receivable $ 11,100 Accumulated Depreciation $ 24, Advertising Expense $ 19.600 Cash $ 46,500 Common Stock S 10,000 Cast of Goods Som S 355,400 Dividends S000 preciation Experte 9,000 Equipment 175.000 Income Tax Expense 19.875 Income Tax Payable Insurance Experts 4,500 Interest Expense Interest Revenue 2.500 Inventory IS 29.000 Notes Payable (dae in moss 15. Prepaid Insurance 365 Rent Expense $ 24,000 Retained Earnings (beg. Bat. 91.000 Salaries Expense-Gien/Admin 20,000 Salaries Expense Selling $ 34,000 Sales Reves S 605,100 Utilities Expense $18.00 Requirements: 1. Prepare a classified balance sheet in good form
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