Indicate in which section of the balance sheet each of the following accounts is classified. Usethe symbols CA for current assets, NCA for noncurrent assets, CL for current liabilities, LTL forlong-term liabilities, and SHE for stockholders’ equity.a. Prepaid Rent f. Mortgage Payable (due in 15 years)b. Dividends Payable g. Unearned Service Revenuec. Salaries Payable h. Accounts Receivabled. Accumulated Depreciation: Equipment i. Lande. Retained Earnings j. Office Supplies

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Indicate in which section of the balance sheet each of the following accounts is classified. Use
the symbols CA for current assets, NCA for noncurrent assets, CL for current liabilities, LTL for
long-term liabilities, and SHE for stockholders’ equity.
a. Prepaid Rent f. Mortgage Payable (due in 15 years)
b. Dividends Payable g. Unearned Service Revenue
c. Salaries Payable h. Accounts Receivable
d. Accumulated Depreciation: Equipment i. Land
e. Retained Earnings j. Office Supplies

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