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 Current liabilities Items 1. Land held for future expansion 2. Notes payable (due in five years) 3. Accounts receivable 4. Trademarks 5. Accounts payable 6. Store equipment 7. Wages payable 8. Cash Intangible assets Long-term investments Long-term liabilities Plant assets