Problem 3-7A Determining balance sheet classifications LO C3 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. Classification Classification Account Title 1. Notes receivable (due in 2 years) 2. Interest payable (due in 1 week) 3. Long-term investment in stock 4. Wages payable 5. Prepaid rent (2 months of Rent) 6. Salaries payable 7. Merchandise inventory 8. Current portion of long-term note payable 9. Short-term notes receivable (due in 1 month) 10. Unearned services revenue Account Title 11. Accounts receivable 12. Accounts payable 13. Short-term investments 14. Taxes payable (Due in 5 weeks) 15. Supplies 16. Goodwill 17. Office supplies 18. Franchises 19. Store supplies 20. Copyrights