Question

Check my work a. Current assets b. Investments c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h. Paid-in capital i. Retained earnings Required: For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. (If the item is a contra account, select the appropriate letter with a minus sign.) nces Equipment Accounts payable Allowance for uncollectible accounts Land (hold for investment) Notes payable (due in 5 years) Deferred revenue (for the next 12 months) Notes payable (due in 6 months) Accumulated amount of net income less dividends Investment in XYZ Corp. (long-term) Inventory Patent Land (used in operations) Accrued liabilities (due in 6 months) Prepaid rent (for the next 9 months) Common stock Building (used in operations) Cash Income taxes payable

please complete both tables

Answer 1

Euipment Accounts payable Allawances r uncollectible accounts: iand Cheld for invertment) Note (due în 5years) payable Deffered Reveoue (for next 18monty, Notes payate (Pue in bmonthy) Accumulated of income levs dividend Iovestments in XYZ corp (Long-tem of dnventary Patint Land (in cises Accrued Liabilities Coue în Gmont Prepaid Rent (for next amontyn; Common stock. ं Building in ese. a. Cash - Income Tares payable.

interest payable Due in Smorte) franchise". pro Accumulated Depieciation prepaid Sosurance. Bonda payable (deu în lo yeras) Current maturities of long-trm dest trm receivablej. Long Restricted cash (hill be use tok refire bonda in loxa) Colue in 3 manthy) Notes fayable Supplies machincry Land lued in Operatios) 12 Deffered Revenue Cfor 2628) 13 प Land Cheld for Specalation) 15 common Stock. 16, Cash Cquivalents Salasies payable

Answer 2

-a : Allowance for Uncollectible Accounts

b: Long term Receivables

b: Restricted Cash (will be used to retire bonds in 10 years)

f: Deferred Revenue (for 2022)

Answer 3