The alphabetized adjusted trial balance for SimCo Electrical Outfitters at August 31, 2020, is shown below. Identify how each account balance would be classified on a balance sheet given the following classification symbols:
$$\begin{array} { | l | l | l | l | }
\hline \text { CA } & \text { Curent assets } & \text { CL } & \text { Curent liabilities } \
\hline \text { PPE } & \text { Property, plart ard equipment } & \text { LTL } & \text { Long-term liabilities } \
\hline \text { IA } & \text { Intangible asset } & \text { OE } & \text { Equity } \
\hline \text { LTI } & \text { Long-term irvestment } & \text { NA } & \begin{array} { l }
\text { Not applicable to a } \
\text { balance sheet }
\end{array} \
\hline
\end{array}$$

Question

The alphabetized adjusted trial balance for SimCo Electrical Outfitters at August 31, 2020, is shown below. Identify how each account balance would be classified on a balance sheet given the following classification symbols:
 $$\begin{array} { | l | l | l | l | } 
\hline \text { CA } & \text { Curent assets } & \text { CL } & \text { Curent liabilities } \
\hline \text { PPE } & \text { Property, plart ard equipment } & \text { LTL } & \text { Long-term liabilities } \
\hline \text { IA } & \text { Intangible asset } & \text { OE } & \text { Equity } \
\hline \text { LTI } & \text { Long-term irvestment } & \text { NA } & \begin{array} { l } 
\text { Not applicable to a } \
\text { balance sheet }
\end{array} \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The alphabetized adjusted trial balance for SimCo Electrical Outfitters at August 31, 2020, is shown below. Identify how each account balance would be classified on a balance sheet given the following classification symbols:
 $$\begin{array} { | l | l | l | l | } 
\hline \text { CA } & \text { Curent assets } & \text { CL } & \text { Curent liabilities } \
\hline \text { PPE } & \text { Property, plart ard equipment } & \text { LTL } & \text { Long-term liabilities } \
\hline \text { IA } & \text { Intangible asset } & \text { OE } & \text { Equity } \
\hline \text { LTI } & \text { Long-term irvestment } & \text { NA } & \begin{array} { l } 
\text { Not applicable to a } \
\text { balance sheet }
\end{array} \
\hline
\end{array}$$

The Alphabetized Adjusted Trial Balance for SimCo Electrical Outfitters at August