Chapter 4, Problem 3APSA

Problem 4-3A Determining balance sheet classifications C3
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.	Long-term investment in stock_______
2.	Depreciation expense-Building_______
3.	Prepaid rent (2 months of rent)_______
4.	Interest receivable_______
5.	Taxes payable (due in 5 weeks)_______
6.	Automobiles_______
7.	Notes payable (due in 3 years)_______
8.	Accounts payable_______
9.	Cash_______
10.	Owner, Capital_______
11.	Unearned services revenue_______
12.	Accumulated depreciation-Trucks_______
13.	Prepaid insurance (expires in 5 months)_______
14.	Buildings_______
15.	Store supplies_______
16.	Office equipment_______
17.	Land (used in operations)_______
18.	Repairs expense_______
19.	Office supplies_______
20.	Current portion of long-term note payable_______