Tell whether each of the following accounts is a current asset; an investment; property, plant, and equipment;
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Tell whether each of the following accounts is a current asset; an investment; property, plant, and equipment; in intangible asset; a current liability; a long-term liability; owner’s equity; or not on the balance sheet;
1. Delivery Trucks
2. Accounts Payable
3. Note Payable (due in 90 days)
4. Deliver Expense
5. Owner’s Capital
6. Prepaid Insurance
7. Trademark
8. Investment to Be Held Six Months
9. Factory Not Used in Business
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