The following accounts were taken from the financial statements of Callahan Company.
Salaries and wages payable
Investment in real estate
Service revenue
Equipment
Interest payable
Accumulated depreciation— equipment
Goodwill Short term investments
Depreciation expense
Mortgage payable (due in 3 years)
Owner’s capital
Unearned service revenue
Match each of the following accounts to its proper balance sheet classification, 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)