1. The following accounts were taken from the financial statements of Callahan Company.
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Salaries payable
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Investment in real estate
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Service revenue
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Delivery truck
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Interest payable
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Accumulated depreciation
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Goodwill
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Depreciation expense
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Short-term investments
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R. Callahan, Capital
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Mortgage note payable due in 3 years
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Unearned revenue
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Match each of the following accounts to its proper balance sheet classification,
shown below. If the item would not appear on a balance sheet, use "NA."
Current assets (CA) Current liabilities (CL)
Long-term investments (LTI) Long-term liabilities (LTL)
Property, plant, and equipment (PPE) Owner's equity (OE)
Intangible assets (IA)