Classify the Following Accounts as Assets (A), Liabilities (L), or Shareholders

question 44

Essay

Classify the following accounts as assets (A), liabilities (L), or shareholders' equity (SE) and whether they are current (C), non-current (NC), or not applicable (N/A).
$$\begin{array} { | l | l | l | } \hline{ \text { Account } } & \text { A, L, SE } & \text { C,NC,N/A } \\\hline \text { Merchandise Inventory } & & \\\hline \text { Unearned Rent (one-year lease) } & & \\\hline \text { Prepaid Insurance } & & \\\hline \text { Bonds Payable (due in 5 years) } & & \\\hline \text { Investment in B Company (to be held } & & \\5 \text { years) } & & \\\hline \text { Goodwill } & & \\\hline \text { Additional Paid-in Capital } & & \\\hline \text { Accumulated Other Comprehensive } & & \\\text { Income } & & \\\hline \text { Equipment } & & \\\hline \text { Income Tax Payable } & & \\\hline\end{array}$$

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