Question

Label as a current asset, current liability, non-current asset, non-current liability, or owners equity as appears on a balance sheet.

Cash

Investment Securities--AFS

Accrured Interest Receivable

Accounts Receivable

Allowance for Doubtful Accounts

Merchandise Inventory

Prepaid Insurance

Store Supplies

Land

Building

Accumulated Depreciation: Building

Office & Store Equipment

Accumulated Depreciation: Office & Store Equipment

Delivery Trucks

Accumulated Depreciation: Delivery Trucks

Accounts Payable

FICA Taxes Payable

Withholding Taxes Payable

Unemployment Taxes Payable

Union Dues Payable

Salaries & Wages Payable

Accrued Utilities Payable

Income taxes payable

Mortgage Payable

Accrued Interest Payable

Common Stock

PIC in Excess of Par

Retained Earnings

Sales

Sales Returns

Sales Discounts

Interest revenue

Purchases

Purchase Returns

Purchase Discounts

Freight In

Cost of Goods Sold

Salaries & Wages Expense

Payroll Tax Expense

Advertising Expense

Repair Expense

Store Supplies Expense

Utilities Expense

Insurance Expense

Depreciation Expense

Bad Debt Expense

Miscellaneous Expense

Interest Expense

Income tax expense

Answer 1

Cash	Current Assets
Investment Securities--AFS	Current Assets
Accrured Interest Receivable	Current Assets
Accounts Receivable	Current Assets
Allowance for Doubtful Accounts	Current Assets
Merchandise Inventory	Current Assets
Prepaid Insurance	Current Assets
Store Supplies	Current Assets
Land	Non-Current assets
Building	Non-Current assets
Accumulated Depreciation: Building	Non-Current assets
Office & Store Equipment	Non-Current assets
Accumulated Depreciation: Office & Store Equipment	Non-Current assets
Delivery Trucks	Non-Current assets
Accumulated Depreciation: Delivery Trucks	Non-Current assets
Accounts Payable	Current liabilities
FICA Taxes Payable	Current liabilities
Withholding Taxes Payable	Current liabilities
Unemployment Taxes Payable	Current liabilities
Union Dues Payable	Current liabilities
Salaries & Wages Payable	Current liabilities
Accrued Utilities Payable	Current liabilities
Income taxes payable	Current liabilities
Mortgage Payable	Non-Current liabilities
Accrued Interest Payable	Current liabilities
Common Stock	owners equity
PIC in Excess of Par	owners equity
Retained Earnings	owners equity
Sales	owners equity
Sales Returns	owners equity
Sales Discounts	owners equity
Interest revenue	owners equity
Purchases	owners equity
Purchase Returns	owners equity
Purchase Discounts	owners equity
Freight In	owners equity
Cost of Goods Sold	owners equity
Salaries & Wages Expense	owners equity
Payroll Tax Expense	owners equity
Advertising Expense	owners equity
Repair Expense	owners equity
Store Supplies Expense	owners equity
Utilities Expense	owners equity
Insurance Expense	owners equity
Depreciation Expense	owners equity
Bad Debt Expense	owners equity
Miscellaneous Expense	owners equity
Interest Expense	owners equity
Income tax expense	owners equity

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