Principles of Accounting
Principles of Accounting
12th Edition
ISBN: 9781133626985
Author: Belverd E. Needles, Marian Powers, Susan V. Crosson
Publisher: Cengage Learning
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Chapter 5, Problem 3EA

The lettered items that follow represent a classification scheme for a balance sheet, and the numbered items in the list are account titles. Match each account with the letter of the category in which it belongs.

  1. a. Current liabilities
  2. b. Owner’s equity
  3. c. Current assets
  4. d. Intangible assets
  5. e. Property, plant, and equipment
  6. f. Investments
  7. g. Long-term liabilities
  8. h. Not on balance sheet
  9. 1. Patent
  10. 2. Building Held for Sale
  11. 3. Prepaid Rent
  12. 4. Wages Payable
  13. 5. Note Payable in Five Years
  14. 6. Building Used in Operations
  15. 7. Fund Held to Pay Off Long-Term Debt
  16. 8. Inventory
  17. 9. Prepaid Insurance
  18. 10. Depreciation Expense
  19. 11. Accounts Receivable
  20. 12. Interest Expense
  21. 13. Unearned Revenue
  22. 14. Short-Term Investments
  23. 15. Accumulated Depreciation
  24. 16. Owner’s Capital
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