Question

Preferred stock.select a classification2.Goodwill.select a classification3.Salaries and wages payableselect a classification4.Accounts payable.select a classification5.Buildings.select a classification6.Equity investments (to be sold within one year).select a classification7.Current maturity of long-term debt.select a classification8.Premium on bonds payable.select a classification9.Allowance for doubtful accounts.select a classification10.Accounts receivable.select a classification11.Cash surrender value of life insurance.select a classification12.Notes payable (due next year).select a classification13.Supplies.

Answer 1

Answer: Please find in the explanation section for the answers

Explanation:Classification of Balance Sheet Accounts is given below as

Preferred stock.------capital stock

2.Goodwill.-------intangible assets

3.Salaries and wages payable------current liabilities

4.Accounts payable-------current liabilities

5.Buildings----property, plant, and equipment

6.Equity investments to be sold within one year-----Current assets-

7.Current maturity of long-term debt--------current liabilities

8.Premium on bonds payable.--------Current assets

9.Allowance for doubtful accounts------Current assets

10.Accounts receivable.-------Current assets

11.Cash surrender value of life insurance----investments

12.Notes payable----- Current liabiliites

13.Supplies-----Current assets