Accounting Homework
BUS-FP3061 – Fundamental Accounting Principles
Assessment 2, Part 1 Template
Instructions: Using the following designations for balance sheet categories, place the designator in the column next to the account title.
(CA) - Current Asset
(LTA) - Long-term Asset
(CL) - Current Liability
(LTL) - Long-term Liability
(EQ) - Equity
| Account Title | Balance Sheet Category |
| Accounts Payable | |
| Equipment | |
| Prepaid rent | |
| Short-term investments | |
| Accounts receivable | |
| Land | |
| Common stock | |
| Cash | |
| Accumulated depreciation | |
| Goodwill | |
| Bonds payable | |
| Retained earnings | |
| Preferred stock | |
| Mortgage payable | |
| Salaries payable | |
| Allowance for uncollectibles | |
| Inventories | |
| Patent | |
| Income tax payable | |
| Short-term security deposits |
