FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Instructions: Match each account from the box to the choices of proper balance
POST ACTIVITY
Activity
Activity #5: Classification of Balance Sheet Account
Instru
sheet category:
CASE X
1. Patents
2. Building Held for Sale
3. Prepaid Rent
4. Wages Payable
5. Note Payable in Five Years
6. Building Used in Operations
7. Fund Held to Pay Off Long Term Debt
• Current Assets
• Investments
Property, Plant and
Equipment
Cash
Notes
• Intangible Assets
Accou
8. Inventory
Office
9. Prepaid Insurance
10. Depreciation Expense
11. Accounts Receivable
• Current Liabilities
Intere
Land
• Long-Term Liabilities
Build
12. Interest Expense
Accu
• Owner's Equity
13. Unearned Revenues
Equip
14. Short-Term Investments
• Not Applicable
ACcu
15. Accumulated Depreciation
16. Owner's Capital
Accc
Sala
Activity #6: AcCounting Er
Une
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Transcribed Image Text:Instructions: Match each account from the box to the choices of proper balance POST ACTIVITY Activity Activity #5: Classification of Balance Sheet Account Instru sheet category: CASE X 1. Patents 2. Building Held for Sale 3. Prepaid Rent 4. Wages Payable 5. Note Payable in Five Years 6. Building Used in Operations 7. Fund Held to Pay Off Long Term Debt • Current Assets • Investments Property, Plant and Equipment Cash Notes • Intangible Assets Accou 8. Inventory Office 9. Prepaid Insurance 10. Depreciation Expense 11. Accounts Receivable • Current Liabilities Intere Land • Long-Term Liabilities Build 12. Interest Expense Accu • Owner's Equity 13. Unearned Revenues Equip 14. Short-Term Investments • Not Applicable ACcu 15. Accumulated Depreciation 16. Owner's Capital Accc Sala Activity #6: AcCounting Er Une
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