Question: The following lettered items represent a classification scheme for a balance sheet, and the numbered items represent data found on balance sheets. In the blank

The following lettered items represent a classification scheme for a balance sheet, and the numbered items represent data found on balance sheets. In the blank next to each account, write the letter indicating to which category it belongs.

A.

Current assets

B.

Investments

C.

Property, plant, and equipment

D.

Intangible assets

E.

Current liabilities

F.

Long-term liabilities

G.

Stockholders equity

H.

Not on the balance sheet

1.

Accumulated depreciation-equipment

select a letter ABCDEFGH
2.

Common stock

select a letter ABCDEFGH
3.

Interest expense

select a letter ABCDEFGH
4.

Salaries and wages payable

select a letter ABCDEFGH
5.

Retained earnings

select a letter ABCDEFGH
6.

Inventory

select a letter ABCDEFGH
7.

Patents

select a letter ABCDEFGH
8.

Prepaid insurance

select a letter ABCDEFGH
9.

Mortgage payable

select a letter ABCDEFGH
10.

Land (held for investment)

select a letter ABCDEFGH

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