Question
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For each of the three accounts listed below, select the correct balance

sheet classification. If an account does not appear on the balance sheet, choose "Not Found on the Balance Sheet."
EquipmentChoose one ?
Current Assets
Property, Plant, and Equipment
Current Liabilities
Long Term Liability
Owner's Equity
Not Found on the Balance Sheet
CashChoose one ?
Current Assets
Property, Plant, and Equipment
Current Liabilities
Long Term Liability
Owner's Equity
Not Found on the Balance Sheet
Notes Payable, due in 2 yearsChoose one ?
Current Assets
Property, Plant, and Equipment
Current Liabilities
Long Term Liability
Owner's Equity
Not Found on the Balance Sheet

Answer & Explanation
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