The following accounts were taken from the financial statements of Lee Company.
|
Interest revenue |
Owner”s capital |
|
Utilities payable |
Accumulated depreciation—equipment |
|
Accounts payable |
Equipment |
|
Supplies |
Salaries and wages expense |
|
Bonds payable |
Debt investments (long-term) |
|
Goodwill |
Unearned rent revenue |
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) |