Below Is the Chart of Accounts for the Duclaw Dog

question 138

Essay

Below is the chart of accounts for the Duclaw Dog Company.
1. Accounts Payable
2. Accounts Receivable
3. Accumulated Depreciation-Equipment
4. Allowance for Doubtful Accounts
5. Bonds Payable
6. Cash
7. Common Stock
8. Discount on Bonds Payable
9. Equipment
10. Insurance Expense
11. Interest Expense
12. Inventory
13. Notes Payable, due in 5 years
14. Prepaid Rent
15. Retained Earnings
16. Salaries and Wages Expense
17. Salaries and Wages Payable
18. Unearned Revenue
.
Indicate the proper balance sheet classification of each of the 18 numbered accounts in the trial balance by placing appropriate numbers after each of the following classifications. a. Current assets
b. Property, plant, and equipment
c. Current liabilities
d. Long-term liabilities
e. Stockholder’s Equity
f. Income Statement account