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Identify Each of the Following Items Relating to Sections of a Balance

Question 35

Essay

Identify each of the following items relating to sections of a balance sheet as Current Assets (CA), Property and Equipment (PE), Current Liabilities (CL), Long-Term Liabilities (LTL), or Owner's Equity (OE).
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____Unearned Fees
____Supplies
____Building
____Mortgage Payable (due in 5 years)
____Wages Payable ____Accounts Receivable
____Land
____Frepaid Insurance
____Current portion Mortgage Payable
____P. Adams, Capital

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