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For Each Account Listed, Identify the Category in Which It

Question 58

Essay

For each account listed, identify the category in which it would appear on a classified balance sheet.
 Location on a Account Classified Balance Sheet  Retained Earnings  Accumulated Depreciation -  b Equipment  cNotes Payable (due in twoyears)  d Unearned Revenue (short-term)  eSalaries Payable  fAccounts Receivable  TrademarkPrepaid Rent (prepaid for six months) \begin{array}{|l|l|r|} \hline&&\text { Location on a} \\ &\text { Account} &\text { Classified Balance Sheet }\\ \hline\text {a } & \text { Retained Earnings } \\ \hline \text { } & \text {Accumulated Depreciation - } \\ \text { b} & \text { Equipment } \\ \hline \text { c} & \text {Notes Payable (due in twoyears) } \\ \hline \text { d } & \text {Unearned Revenue (short-term) } \\ \hline \text { e} & \text {Salaries Payable } \\ \hline \text { f} & \text {Accounts Receivable } \\ \hline \text {g } & \text { Trademark} \\ \hline \text {h } & \text {Prepaid Rent (prepaid for six months) } \\ \hline\end{array}

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