C3 - Adjusting Accounts for Financial Statements - Classified Balance Sheet Flashcards
(21 cards)
1
Q
Long-term Investment in Stock
A
Long-term investments
2
Q
Prepaid Rent
A
Current Assets
3
Q
Interest Payable
A
Current Assets
4
Q
Interest Receivable
A
Current Assets
5
Q
Taxes Payable
A
Equity
6
Q
Automobiles
A
Plant Assets
7
Q
Notes payable (due in 3 years)
A
Long-term Liabilities
8
Q
Accounts Payable
A
Current Liabilities
9
Q
Prepaid Insurance
A
Current Assets
10
Q
Common Stock
A
Equity
11
Q
Unearned Service Revenue
A
Current Liabilities
12
Q
AD
A
Plant Assets
13
Q
Cash
A
Current Assets
14
Q
Buildings
A
Plant Assets
15
Q
Store Supplies
A
Current Assets
16
Q
Office Equipment
A
Plant Assets
17
Q
Land (used in operations)
A
Plant assets
18
Q
Office supplies
A
Current Assets
19
Q
Current Portion of Long-term note payable
A
Current Liabilities
20
Q
Depreciation Expense
A
Intangible Assets
21
Q
Repairs Expense
A
Intangible Assets
