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.
Current assets
Long-term investments
Plant assets
Intangible assets
Current liabilities
Long-term liabilities
Equity
1. Commissions earned
2. Interest receivable
3. Long-term investment in stock
4. Prepaid insurance
5. Machinery
6. Notes payable (due in 15 years)
7. Copyrights
8. Current portion of long-term note payable
9. Accumulated depreciation—Trucks
10 Office equipment
11. Rent receivable
12. Salaries payable
13. Income taxes payable
14. Common stock
15. Office supplies
16. Interest payable
17. Rent revenue
18. Notes receivable (due in 120 days)
19. Land (used in operations)
20. Depreciation expense—Trucks
