The following are the typical classifications used in a balance sheet:
a. Current assets
b. Investments and funds
c. Property, plant, and equipment
d. Intangible assets
e. Other assets
f. Current liabilities
g. Long-term liabilities
h. Paid-in-capital
i. Retained earnings

Required:
For each of the following 2011 balance sheet items, use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus sign before the chosen letter.
1. _______________ Accrued interest payable
2. _______________ Franchise
3. ________________ Accumulated depreciation
4. ________________ Prepaid insurance, for 2013
5. ________________ Bonds payable, due in 10 years
6. ________________ Current maturities of long-term debt
7.________________ Note payable, due in three months
8. ________________ Long-term receivables
9. ________________ Bond sinking fund, will be used to retire bonds in 10 years
10. ________________ Supplies
11. ________________ Machinery
12. ________________ Land, in use
13. ________________ Unearned revenue
14. ________________ Copyrights
15. ________________ Preferred stock
16. ________________ Land, held for speculation
17. ________________ Cash equivalents
18. ________________ Wages payable