Question: Problem 3 - 6 A ( Algo ) Determining balance sheet classifications LO C 2 Common categories of a classified balance sheet include Current Assets,

Problem 3-6A (Algo) Determining balance sheet classifications LO C2
Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the following items, identify the balance sheet category where the item typically would best appear. If an item does not appear on the balance sheet, indicate that instead.
\table[[Account Title,Classification,Account Title],[1. Notes receivable (due in 2 years),,11. Depreciation expense-Building],[2. Trademarks,,12. Office equipment],[3. Cash,,13. Prepaid Insurance (expires in 5 months)],[4. Patents,14. Buildings,],[5. Interest receivable,,15. Bonds payable (due in 10 years)],[6. Machinery,,16. Trucks],[7. Prepaid rent (2 months of Rent),,17. Mortgages payable (due in 6 years)],[8. Equipment,,18. Automobiles],[9. Repairs expense,,19. Notes payable (due in 3 years)],[10. Land,,20. Utilities expense]]
 Problem 3-6A (Algo) Determining balance sheet classifications LO C2 Common categories

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