80.2K

Verified Solution

Link Copied!

Check my work From the dropdown box beside each numbered balance sheet item, select the option of its balance sheet classification. If the item should not appear on the balance sheet, choose the option "No item required from the selection choices. Classification Classification Account Title 1. Land (used in operations) 2. Depreciation expense Building 3. Office equipment 4. Common stock 5. Buildings 6. Bonds payable (due in 10 years) 7. Accumulated depreciation-Trucks 8. Mortgages payable (due in 6 years) 9. Automobiles 10. Notes payable (due in 3 years) Account Title 11. Land held for future expansion 12. Notes payable (due in 2 months) 13. Notes receivable (due in 2 years) 14 Interest payable (due in 1 week) 15. Long-term investment in stock 16. Wages payable 17. Office supplies 18. Salaries payable 19. Merchandise inventory 20. Current portion of long-term note payable Prev 1 of 1 !!! Next ENG o search numbered balance sheet item, select the option of i eet, choose the option "No item required" from the s Classification 11. Land held for Current assets Current liabilities Notes payable Notes receival Interest payabl Long-term inve Wages payable Office supplies Salaries payabl 19. Merchandise in 20. Current portion Equity Intangible assets numbered balance sheet item, select the option of eet, choose the option "No item required" from the Classification 11. Land held fo Notes payab Intangible assets Notes receiv Long-term investments Interest paya Long-term liabilities Long-term in Wages payal No item required Office supplie Plant assets Salaries paya 19. Merchandise 20. Current portio

Answer & Explanation Solved by verified expert

See Answer