The Following Accounts Appear in an Adjusted Trial Balance of Blaine

question 208

Essay

The following accounts appear in an adjusted trial balance of Blaine Auto Service Company. Indicate whether each account would be reported in the (a) current assets, (b) property, plant, and equipment, (c) current liabilities, (d) long-term liabilities, or (e) stockholders' equity section of the December 31 balance sheet of Blaine Auto Service Company.
1.Retained Earnings
2.Accumulated Depreciation
3.Unearned Revenues
4.Mortgage Payable
5.Equipment
6.Notes Payable (due in two years)
7.Cash
8.Accounts Receivable

---

Definitions:

Timeliness

Timeliness refers to responding or occurring at a suitable or opportune time, ensuring relevance and effectiveness.

Word Choice

The selection of words in speaking or writing, which greatly affects the effectiveness and clarity of the communication.

Potential Questions

Refers to inquiries that could be asked or considered, often in anticipation of a discussion, interview, meeting, or research.

Small Talk

Informal conversation about everyday, non-controversial topics that is often used to build rapport or fill social interaction gaps.