1. Account classification
ASSETS LIABILITIES AND CAPITAL
a. Current assets f. Current liabilities
b. Investments g. Long-term liabilities
c. Plant and equipment h. Preferred stock
d. Intangibles i. Common stock
e. Other assets j. Additional paid-in capital
k. Retained earnings
l. Items excluded from balance sheet
using the letters above, classify the subsequent accounts according to the preferred and ordinary balance sheet presentation.
1. Common stock distributable
2. Bond sinking fund
3. Appropriation for plant expan sion
4. Bonds payable (due 2010)
5. Bank overdraft
6. Premium on common stock
7. Securities owned by another company which are collateral for that company's note
8. Inventory
9. Trading securities
10. Unamortized discount on bonds payable
11. Patents
12. Unearned revenue