Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. account classifications for the current month, mat

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

50.1K

Verified Solution

Question

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

A project based on touch therapy is presented at a science fair by a local high...

Chemistry
1.2K views

3. The dissolution of NaCl has a standard enthalpy of +3.87 kJ mol-1 at 25.0ºC and...

Chemistry
1.2K views

A)Draw the mechanism of bromination of cis-2-butene. B)Explain the stepwise mechanism of the reaction between mercury (II)...

Chemistry
1.2K views

1. A person is considered medically to have lead poisoning if they have a concentration of...

Biology
1.2K views

How does the pharmacy bill prescriptions to Medicare Part B?Through Medicare Part BThrough OmniSYSThrough Change...

Biology
1.2K views

Reason R One act provided for the federal supervision of elections in Southern states while...

Biology
1.2K views

6 Fill in the table below Are the compounds Photosystem I Photosystem II The Calvin...

Basic Math
1.2K views

Cool Down Two Reflections 1 Graph the function g given by g x f x...

Calculus
1.2K views

Use implicit differentiation to find the equation of the tangent line to the curve xy...

Accounting
1.2K views

the merchant is blank when he sets a high price for a product that has...

Accounting
1.2K views

Compute the cost per equivalent unit for direct materials and conversion costs. The weighted average...

Accounting
1.2K views

Computing Partial Period, Sum-of-the-Years'-Digits Depreciation A machine with a five-year estimated useful life...