For each account listed, identify the category in which it w

For each account listed, identify the category in which it would appear on a classified balance sheet

Account Location on a
Classified Balance Sheet
a Retained Earnings
b Accumulated Depreciation – Equipment
c Notes Payable (due in two years)
d Unearned Revenue
e Salaries Payable
f Accounts Receivable
g Trademark
h Prepaid Rent (prepaid for six months)

What will be an ideal response

ANSWER

Account Location on a
Classified Balance Sheet
a Retained Earnings Stockholders’ Equity
b Accumulated Depreciation – Equipment Plant Assets
c Notes Payable (due in two years) Long-Term Liabilities
d Unearned Revenue Current Liabilities
e Salaries Payable Current Liabilities
f Accounts Receivable Current Assets
g Trademark Intangible Assets
h Prepaid Rent (prepaid for six months) Current Assets