Classify the Following Balance Sheet Accounts by as Current Assets,noncurrent

question 94

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Classify the following balance sheet accounts by as current assets,noncurrent assets,current liabilities,noncurrent liabilities or stockholders' equity $\begin{array}{lrl}\text { 1. Notes payable due in } 3 \text { months } & \text { Noncurrent assets } & 7 \\\text { 2. Income taxes payable } & \text { Stockholders' equity } &\underline{ 9} \\\text { 3. Prepaid expenses } & \text { Current Liabilities } & \underline{1} \\\text { 4. Accounts receivable } & \text { Noncurrent assets } & \underline{6} \\\text { 5. Supplies inventory } & \text { Current assets } &\underline{3} \\\text { 6. Land } & \text { Current assets } & \underline{5} \\\text { 7. Building } & \text { Stockholders' equity } & \underline{10} \\\text { 8.Notes payable due in 5 years } & \text { Noncurrent liabilities } & \underline{8} \\\text { 9. Retained earnings } & \text { Current liabilities } & \underline{2} \\\text {10.Contributed capital } & \text { Current assets } & \underline{4}\end{array}$

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