(Solution) - Classifying Accounts on a Balance Sheet The following are accoun -(2025 Original AI-Free Solution)

Discipline:

Type of Paper:

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Download Solution ($11.00) Write My Paper Afresh

Buy For $11.00

Paper Details

Classifying Accounts on a Balance Sheet
The following are accounts of Rosa-Perez Company:
(1) Accounts Payable
(2) Accounts Receivable
(3) Buildings
(4) Cash
(5) Contributed Capital
(6) Land
(7) Merchandise Inventory
(8) Income Taxes Payable
(9) Long-Term Investments
(10) Notes Payable (due in three years)
(11) Notes Receivable (due in six months)
(12) Prepaid Rent
(13) Retained Earnings
(14) Supplies
(15) Utilities Payable
(16) Wages Payable
In the space provided, classify each as it would be reported on a balance sheet. Use:
CA for current asset CL for current liability SE for stockholders? equity
NCA for noncurrent asset NCL for noncurrent liability