QS 4-9 Classifying balance sheet items LO C3 Select the balance sheet category where the items given would best typically appear. Balance Sheet Category Current assets Items 1 Merchandise inventory 2 Notes payable (due in 10 days) 3. Copyrights Land held for future expansion 5. Bond investment to be held through maturity in five years 6 Store equipment 7 Cash 8. Trademarks Current liabilities Intangible assets Long-term investments Long-term liabilities Plant assets