Indicate in which section of the balance sheets of each accounts I have to classified. current assets CA Noncurrent assets NCA Current liabilities CL Long term liabilities LTL Stockholders; equity SHE I already classified some accounts. Coul you check if I m right al help me with the rest please. a. Prepaid Rent b. Dividends Payables c. Salaries Payable(CL) d. Accumulated Depreciation: Equipment e. Retained Earnings(SHE) f. Mortgage Payable (due in 15 years) g. Unearned Service Revenue(CL) h. Accounts Receivbles (CA) i. Land (CA) j. Other supplies(CA)
Indicate in which section of the balance sheets of each accounts I have to classified. current assets CA Noncurrent assets NCA Current liabilities CL Long term liabilities LTL Stockholders; equity SHE I already classified some accounts. Coul you check if I m right al help me with the rest please. a. Prepaid Rent b. Dividends Payables c. Salaries Payable(CL) d. Accumulated Depreciation: Equipment e. Retained Earnings(SHE) f. Mortgage Payable (due in 15 years) g. Unearned Service Revenue(CL) h. Accounts Receivbles (CA) i. Land (CA) j. Other supplies(CA)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Indicate in which section of the
current assets CA
Noncurrent assets NCA
Current liabilities CL
Long term liabilities LTL
I already classified some accounts. Coul you check if I m right al help me with the rest please.
a. Prepaid Rent
b. Dividends Payables
c. Salaries Payable(CL)
d.
e.
f. Mortgage Payable (due in 15 years)
g. Unearned Service Revenue(CL)
h. Accounts Receivbles (CA)
i. Land (CA)
j. Other supplies(CA)
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