balance sheet accounts and their use choose from the following 286848

Balance Sheet Accounts and Their Use Choose from the following list of account titles the one that most accurately fits the description of that account or is an example of that account. An account title may be used more than once or not at all.

Cash Accounts Receivable Notes Receivable

Prepaid Asset Land Buildings

InvestmentsAccounts Payable Notes Payable

Taxes Payable Retained Earnings Common Stock

Preferred Stock

___________________________ 1. A written obligation to repay a fixed amount, with interest, at some time in the future

___________________________ 2. Twenty acres of land held for speculation

___________________________ 3. An amount owed by a customer

___________________________ 4. Corporate income taxes owed to the federal government

___________________________ 5. Ownership in a company that allows the owner to receive dividends before common shareholders receive any distributions

___________________________ 6. Five acres of land used as the site for a factory

___________________________ 7. Amounts owed on an open account to a vendor, due in 90 days

___________________________ 8. A checking account at a bank

___________________________ 9. A warehouse used to store equipment

__________________________ 10. Claims by the owners on the undistributed net income of a business

___________________________11.Rent paid on an office building in advance of use of the facility