Introducing Financial Statements
Busines
assignment2part1.docAssignment 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
|
Account Title |
Balance Sheet Category |
|
Accounts Payable |
|
|
Equipment |
|
|
Prepaid rent |
|
|
Short-term investments |
|
|
Accounts receivable |
|
|
Land |
|
|
Common stock |
|
|
Cash |
|
|
Accumulated depreciation |
|
|
Goodwill |
|
|
Bonds payable |
|
|
Retained earnings |
|
|
Preferred stock |
|
|
Mortgage payable |
|
|
Salaries payable |
|
|
Allowance for uncollectibles |
|
|
Inventories |
|
|
Patent |
|
|
Income tax payable |
|
|
Short-term security deposits |
|
