Problem 4-3A (Algo) Determining balance sheet classifications LO C1 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, indicate that instead. Account Title 1. Office equipment 2. Depreciation expense-Building 3. Buildings 4. Bonds payable (due in 10 years) 5. Trucks 6. Mortgages payable (due in 6 years) 7. Automobiles 8. Notes payable (due in 3 years)) 9. Utilities expense 10. Services revenue Classification Account Title 11. Notes receivable (due in 2 years) 12. Interest payable (due in 1 week). 13. Long-term investment in stock 14 Wages payable 15 Office supplies 16 Salaries payable. 17 Merchandise inventory 18. Uneamed revenue 19 Rental revenue 20 Accounts payable Classification Prev 1 of 4 Next > 58F Cloudy 40 ENG