The following are a few of the accounts of Aim Delivery Corporation 1 Salaries and Wages Payable 2 Accounts Payable 3 Accounts Receivable 4 Buildings 5 Cash 6 Common Stock 7 Land 8 Income Taxes Payable 9 Equipment 10 Notes Payable (due in six months) 11 Retained Earnings 12 Supplies In the space pr...

The following are a few of the accounts of Aim Delivery Corporation: ____1. Salaries and Wages Payable

Question:

The following are a few of the accounts of Aim Delivery Corporation:
____1. Salaries and Wages Payable
____2. 3. 4. Buildings
____ 5. Cash
____ 6. 7. Land
____ 8. Income Taxes Payable
____ 9. Equipment
____ 10. Notes Payable (due in six months)
____ 11. Retained Earnings
____ 12. Supplies
In the space provided, classify each as it would be reported on a balance sheet. Use the following codes:
CA = Current Asset
CL = Current Liability
SE = Stockholders’ Equity
NCA = Noncurrent Asset
NCL = Noncurrent Liability
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...