In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification.
If the item should not appear on the balance sheet, enter a Z in the blank.
A. Current assets
B. Long term investments
C. Plant assets
D. Intangible assets
E. Current liabilities
F. Long term liabilities
G. Equity
1. Machinery
2. Prepaid insurance
3. Current portion of long term note payable
4. Interest receivable
5. Rent receivable
6. Land (used in operations)
7. Copyrights
8. Rent revenue
9. Depreciation expense—Trucks
10. Long term investment in stock
11. Office supplies
12. Interest payable
13. Owner, Capital
14. Notes receivable (due in 120 days)
15. Accumulated depreciation—Trucks
16. Salaries payable
17. Commissions earned
18. Income taxes payable
19. Office equipment
20. Notes payable (due in
15 years)