Question: See photo below. PART I. Using the choices list, classify the following accounts according to the preferred and ordinary balance sheet presentation. CHOICES LIST: Additional

 See photo below. PART I. Using the choices list, classify thefollowing accounts according to the preferred and ordinary balance sheet presentation. CHOICES

See photo below.

LIST: Additional paid-in capital Preferred Stock Not presented in the balance sheetCurrent liabilities Retained earnings Investments Other Asset Long-term liabilities Intangibles Property, Plantand Equipment Current assets Common stock 1. Bond Sinking Fund 2. Commonstock dividend distributable 3. Appropriation for plant expansion 4. Bank overdraft5. Bonds

PART I. Using the choices list, classify the following accounts according to the preferred and ordinary balance sheet presentation. CHOICES LIST: Additional paid-in capital Preferred Stock Not presented in the balance sheet Current liabilities Retained earnings Investments Other Asset Long-term liabilities Intangibles Property, Plant and Equipment Current assets Common stock 1. Bond Sinking Fund 2. Common stock dividend distributable 3. Appropriation for plant expansion 4. Bank overdraft5. Bonds Payable 6. Premium on common stock 7. Equity investments(trading) 8. Inventory 9. Discount on bonds payable 10. Patents 11. Unearned Revenue5. Bonds Payable 6. Premium on common stock 7. Equity investments(trading) 8. Inventory 9. Discount on bonds payable 10. Patents 11. Unearned RevenuePART I. Using the choices list, classify the following accounts according to the preferred and ordinary balance sheet presentation. CHOICES LIST: Additional paid-in capital Preferred Stock Not presented in the balance sheet Current liabilities Retained earnings Investments Other Asset Long-term liabilities Intangibles Property, Plant and Equipment Current assets Common stock 1. Bond Sinking Fund 2. Common stock dividend distributable 3. Appropriation for plant expansion 4. Bank overdraft

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