lassification of Balance Sheet Accounts Match each account (#1 to#16) with the proper balance sheet category: a. Current Assets b. Investments c. Property, Plant, and Equipment d. Intangible Assets e. Current Liabilities f. Long-Term Liabilities g. Owner's Equity h. Not applicable 9. Prepaid Insurance 10. Depreciation Expense 1. Patent 2. Building Held for Sale 3. Prepaid Rent 4. Wages Payable 5. Note Payable in Five Years 6. Building Used in Operations 7. Fund Held to Pay Off Long-Term Debt 8. Inventory 11. Accounts Receivable 12. Interest Expense 13. Unearned Revenues 14. Short-Term Investments 15. Accumulated Depreciation 16. Owner's Capital
lassification of Balance Sheet Accounts Match each account (#1 to#16) with the proper balance sheet category: a. Current Assets b. Investments c. Property, Plant, and Equipment d. Intangible Assets e. Current Liabilities f. Long-Term Liabilities g. Owner's Equity h. Not applicable 9. Prepaid Insurance 10. Depreciation Expense 1. Patent 2. Building Held for Sale 3. Prepaid Rent 4. Wages Payable 5. Note Payable in Five Years 6. Building Used in Operations 7. Fund Held to Pay Off Long-Term Debt 8. Inventory 11. Accounts Receivable 12. Interest Expense 13. Unearned Revenues 14. Short-Term Investments 15. Accumulated Depreciation 16. Owner's Capital
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Classification of Balance Sheet Accounts
Match each account (#1 to#16) with the proper balance sheet category:
a. Current Assets
b. Investments
c. Property, Plant, and Equipment
d. Intangible Assets
e. Current Liabilities
f. Long-Term Liabilities
g. Owner's Equity
h. Not applicable
9. Prepaid Insurance
10. Depreciation Expense
1. Patent
2. Building Held for Sale
3. Prepaid Rent
11. Accounts Receivable
12. Interest Expense
4. Wages Payable
5. Note Payable in Five Years
6. Building Used in Operations
7. Fund Held to Pay Off Long-Term Debt
8. Inventory
13. Unearned Revenues
14. Short-Term Investments
15. Accumulated Depreciation
16. Owner's Capital](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbdb2f7af-0a99-4dde-88f0-79b809b2bf0d%2F8d9bdff3-e32c-4aa2-a660-515514fe10c7%2F4vxskxq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Classification of Balance Sheet Accounts
Match each account (#1 to#16) with the proper balance sheet category:
a. Current Assets
b. Investments
c. Property, Plant, and Equipment
d. Intangible Assets
e. Current Liabilities
f. Long-Term Liabilities
g. Owner's Equity
h. Not applicable
9. Prepaid Insurance
10. Depreciation Expense
1. Patent
2. Building Held for Sale
3. Prepaid Rent
11. Accounts Receivable
12. Interest Expense
4. Wages Payable
5. Note Payable in Five Years
6. Building Used in Operations
7. Fund Held to Pay Off Long-Term Debt
8. Inventory
13. Unearned Revenues
14. Short-Term Investments
15. Accumulated Depreciation
16. Owner's Capital
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