Introducing Financial Statements
Assignment 2, Part 1 Template
Instructions: Using the following designations for balance sheet categories, place the designator in the column next to the account title.
· (CA) - Current Asset
· (LTA) - Long-term Asset
· (CL) - Current Liability
· (LTL) - Long-term Liability
· (EQ) - Equity
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Account Title |
Balance Sheet Category |
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Accounts Payable |
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Equipment |
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Prepaid rent |
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Short-term investments |
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Accounts receivable |
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Land |
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Common stock |
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Cash |
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Accumulated depreciation |
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Goodwill |
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Bonds payable |
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Retained earnings |
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Preferred stock |
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Mortgage payable |
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Salaries payable |
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Allowance for uncollectibles |
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Inventories |
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Patent |
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Income tax payable |
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Short-term security deposits |
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