Question: The major balance sheet classifications are listed in E2-1 above.InstructionsClassify each of the following financial statement items based upon the major balance sheet classifications listed

The major balance sheet classifications are listed in E2-1 above.InstructionsClassify each of the following financial statement items based upon the major balance sheet classifications listed inE2-1.

Prepaid advertising Equipment Patents Bonds payable Common stock Accumulated depreciation- equipment Unearned sales revenue Trademarks Salaries and wages payable Income taxes payable Retained earnings Accounts receivable Land eld for future use Inventory

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