Unrealized loss on the sale of equipment

Assignment Help Accounting Basics

Reference no: EM131770839

Question: A) Current assets.

B) Investments

C) Plant and equipment.

D) Intangibles

E) Current Liabilities

F) Long-term Liabilities

G) Preferred Stock

H) Common Stock

I) Additional Paid in Capital

J) Retained Earnings

Baby Squirrel Company is a retailer. Using the letters above, classify the following accounts on the balance sheet for More Max on 12/31/2016. If an item is not presented on the balance sheet, use the letter "X" to indicate it does not appear on the balance sheet.

1. Building used as corporate headquarters

2. Unrealized loss on the sale of equipment

3. Note payable, payment due October 2018

4. Note receivable, due June 2017

5. Patent

6. Unrealized loss on the sale of equipment

7. Copyright

Reference no: EM131770839

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