For each account listed, identify the category in which it would appear on a classified balance sheet
Account Location on a
Classified Balance Sheet
a Retained Earnings
b Accumulated Depreciation - Equipment
c Notes Payable (due in two years)
d Unearned Revenue
e Salaries Payable
f Accounts Receivable
g Trademark
h Prepaid Rent (prepaid for six months)
What will be an ideal response
Account Location on a
Classified Balance Sheet
a Retained Earnings Stockholders' Equity
b Accumulated Depreciation - Equipment Plant Assets
c Notes Payable (due in two years) Long-Term Liabilities
d Unearned Revenue Current Liabilities
e Salaries Payable Current Liabilities
f Accounts Receivable Current Assets
g Trademark Intangible Assets
h Prepaid Rent (prepaid for six months) Current Assets
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