Question

HELP FAST PLEASE

The following financial statement items were taken from the financial statements of Gomez Corp. Match each of the financial statement items to its proper balance sheet classification. If the item would not appear on a balance sheet, use "Not Applicable." Trademarks Notes payable (current) Interest revenue Income taxes payable Debt investments (long-term) Unearned sales revenue Inventory Accumulated depreciation Land Common stock Advertising expense Mortgage payable (due in 3 years)

Answer 1

Intangiable Asset Trademarks Current liability Notes Payable (Current) Current Asset Interest Revenue Current liability Income tax payable Long term Investments Debt Investments (long term) Current liability Unearned Sales revenue Current Asset Inventory Property Plant and Equipment Accumulated Depreciation Property Plant and Equipment Land Shareholders Equity Common stock Current liability Advertising Expenses Long term loan Mortgage payable (due in 3years) | ** Interest revenue I assumed it is Accrued interest , if it not accrued interest it will come in income statement ** Advertising Expenses I assumed it is outstanding Advertising expenses , if it is not outstanding it will come in income statement