Question: Match each account with where it would be found on the balance sheet. Each option may be used more than once: some options may not
Match each account with where it would be found on the balance sheet. Each option may be used more than once: some options may not be used at all. The following accounts appear in an adjusted trial balance of Blaine Auto Service Company. Indicate whether each account would be reported in the (a) current assets, (b) property, plant, and equipment, (c) current liabilities, (d) long-term liabilities, or (e) stockholders' equity section of the December 31 balance sheet of Blaine Auto Service Company. 1. Retained Earnings: ____________________ 2. Accumulated Depreciation: ____________________ 3. Unearned Revenues: ____________________ 4. Mortgage Payable: ____________________ 5. Equipment: ____________________ 6. Notes Payable (due in two years): ____________________ 7. Cash: ____________________ 8. Accounts Receivable: ____________________ What is the accounting equation
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