Matching
Identify each of the following items relating to sections of a balance sheet as:
Premises:
Unearned Fees
Supplies
Building
Mortgage Payable (due in 5 years)
Wages Payable
Accounts Receivable
Land
Prepaid Insurance
Current portion Mortgage Payable
P. Adams, Capital
Responses:
Current Assets
Property and Equipment
Current Liabilities
Long-Term Liabilities
Owner's Equity
Correct Answer:
Premises:
Responses:
Building
Property and Equipment
Supplies
Current Assets
Wages Payable
Current Liabilities
Mortgage Payable (due in 5 years)
Long-Term Liabilities
Land
Property and Equipment
Accounts Receivable
Current Assets
Current portion Mortgage Payable
Current Liabilities
Prepaid Insurance
Current Assets
P. Adams, Capital
Owner's Equity
Unearned Fees
Current Liabilities
Premises:
Building
Supplies
Wages Payable
Mortgage Payable (due in 5 years)
Land
Accounts Receivable
Current portion Mortgage Payable
Prepaid Insurance
P. Adams, Capital
Unearned Fees
Responses:
Property and Equipment
Current Assets
Current Liabilities
Long-Term Liabilities
Property and Equipment
Current Assets
Current Liabilities
Current Assets
Owner's Equity
Current Liabilities
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