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 supplies 2. Franchises 3. Store supplies 4. Copyrights 5. Prepaid Insurance (expires in 5 months) 6. Trademarks 7. Cash 8. Patents 9. Interest receivable 10. Machinery Classification Account Title 11. Prepaid rent (2 months of Rent) 12. Equipment 13. Repairs expense 14. Land 15. Depreciation expense-Building 16. Office equipment 17. Interest payable (due in 1 week) 18. Buildings 19. Bonds payable (due in 10 years) 20. Trucks Classification