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Account Classifications For the current month, match each of the items to its proper classification,...

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Accounting

Account Classifications

For the current month, match each of the items to its proper classification, shown below, if the item would not appear use N/A

Current Assets (CA)

Long-term liabilities (LTL)

Current Liabilities (CL)

Property, plant, and equipment (PPE)

Intangible Assets (IA)

Stockholders equity (SE)

Long-term Investments (LTI)

Not Applicable (NA)

______ $10,000 due to pay for a TV ad from last month

______ $100,000 investment from stockholders

______ $100,000 mortgage for the existing store

______ $250,000 bill from Apple, Inc. for merchandise

CA $50,000 in cash

______ Brand name and logo

______ Cash registers, counters, and display shelves for store

______ Land for a store to be built next year (not currently in use)

______ Names of staff working a national holiday

______ Six months of fire insurance paid last month

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