The following are the major balance sheet classifications:

Current assets (CA)

Current liabilities (CL)

Long term investments (LTI)

Long term liabilities (LTL)

Property, plant, and equipment (PPE)

Owner’s equity (OE)

Intangible assets (IA)

Match each of the following accounts to its proper balance sheet classification.

Accounts payable

Income tax payable

Accounts receivable

Investment in long term bonds

Accumulated depreciation

Land

Building

Merchandise inventory

Cash

Patent

Copyrights

Supplies