Below is a list of accounts for the Duclaw Dog Company.
1
Accounts Payable2
Accounts Receivable3
Accumulated Depreciation-Equipment4
Allowance for Doubtful Accounts5
Bonds Payable6
Cash7
Common Stock8
Discount on Bonds Payable9
Equipment10
Insurance Expense11
Interest Expense12
Inventory13
Notes Payable, due in 5 years14
Prepaid Rent15
Retained Earnings16
Salaries and Wages Expense17
Salaries and Wages Payable18
Unearned RevenueIndicate the proper balance sheet classification of each of the 18 numbered accounts by inserting the appropriate classification, taken from the list below, after each of the numbers
Current assetsProperty, plant, and equipmentCurrent liabilitiesLong-term liabilitiesShareholders' EquityIncome Statement account
What will be an ideal response?
??
| 1 | Current liabilities |
| 2 | Current assets |
| 3 | Property, plant, and equipment |
| 4 | Current assets |
| 5 | Long-term liabilities |
| 6 | Current assets |
| 7 | Shareholders' equity |
| 8 | Long-term liabilities |
| 9 | Property, plant, and equipment |
| 10 | Income Statement Account |
| 11 | Income Statement Account |
| 12 | Current assets |
| 13 | Long-term liabilities |
| 14 | Current assets |
| 15 | Shareholders'equity |
| 16 | Income Statement Account |
| 17 | Current liabilities |
| 18 | Current liabilities |
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