June 2012
Beginner
548 pages
15h 16m
English
book
Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition
by Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Content preview from Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition
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EXERCISE 4-8
| Purpose: | (L.O. 6) This exercise will allow you to practice identifying the classification of accounts on a classified balance sheet. |
A list of the balance sheet classifications appears below along with a list of account titles for the Steve Martin Corporation.
Accounts
| _______ 1. Accounts Receivable |
| _______ 2. Wages and Salaries Payable |
| _______ 3. Notes Payable (due in 4 years) |
| _______ 4. Office Equipment |
| _______ 5. Bank Loan Payable (due in 6 months) |
| _______ 6. Patent |
| _______ 7. Notes Payable (due in 4 mos.) |
| _______ 8. Bonds Payable (due in 20 years) |
| _______ 9. Notes Receivable (due in 3 years) |
| _______ 10. Mortgages Payable (due in 5 years) |
| _______ 11. Salaries and Wages Expense |
| _______ 12. Prepaid Insurance |
| _______ 13. Delivery Trucks |
| _______ 14. Copyright |
| _______ 15. Cash |
| _______ 16. Utilities Expense |
| _______ 17. Depreciation Expense |
| _______ 18. Rent Revenue Received in Advance (to be earned in 6 mos.) |
| _______ 19. Interest Receivable |
| _______ 20. Rent Revenue |
| _______ 21. Common Stock |
| _______ 22. Building |
| _______ 23. Prepaid Advertising |
| _______ 24. Prepaid Property Taxes |
| _______ 25. Investment in Orlando Aviation Authority Bonds |
| _______ 26. Property Taxes Payable |
| _______ 27. Investment in Stock of ABC Corporation |
| _______ 28. Land |
| _______ 29. Parking Lots & Driveways |
| _______ 30. Trademark |
| _______ 31. ... |
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.