Chapter 3, Problem 7PSB

Determining balance sheet classifications $\text{C}3$
In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification. If the item should not appear on the balance sheet, enter a $Z$ in the blank.
A. Current assets
B. Long-term investments
C. Plant assets
D. Intangible assets
E. Current liabilities
F. Long-term liabilities
G. Equity
1. Commissions earned
2. Interest receivable
3. Long-term investment in stock
4. Prepaid insurance (4 months of rent)
5. Machinery
6. Notes payable (due in 15 years)
7. Copyrights
8. Current portion of long-term note payable
9. Accumulated depreciation-Trucks
10. Office equipment
11. Rent receivable
12. Salaries payable
13. Income taxes payable(due in 11 weeks)
14. Common stock
15. Office supplies
16. Interest payable
17. Rent revenue
18. Notes receivable (due in 120 days)
19. Land (used in operations)
20. Depreciation expense-Trucks