Essay
For each of the following,indicate how the line item would be categorized on a classified balance sheet.
CA (current asset)
LTA (long-term asset)
CL (current liability)
LTL (long-term liability)
SE (shareholders' equity)
____ Property and Equipment
____ Contributed Capital
____ Accrued Liabilities
____ Supplies
____ Unearned Revenue
____ Retained Earnings
____ Wages Payable
____ Accounts Receivable
____ Inventory
____ Bonds Payable
____ Accounts Payable
Correct Answer:

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