The following accounts were taken from the financial statements of Crofoot Company.
|
Interest revenue |
J. Crofoot, Capital |
|
Utilities payable |
Accumulated depreciation |
|
Accounts payable |
Machinery |
|
Supplies |
Salaries expense |
|
Bonds payable |
Investment in real estate |
|
Trademarks |
Unearned rent |
Match each of the accounts to its proper balance sheet classification, as shown below. If the item would not appear on a balance sheet, use “NA.”
|
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) |
|