xercise 4-15 The following are the major balance sheet classifications. Current assets Current liabilities Long-term investments Long-term liabilities Property, plant, and equipment Stockholders’ equity Intangible assets Classify each of the following accounts taken from Geraldo Company’s balance sheet. Balance Sheet Classification Accounts Accounts payable Accounts receivable Cash Common Stock Patents Salaries and wages payable Inventory Investments Accumulated depreciation Buildings Land Long-term debt Supplies Equipment Prepaid expenses .

1. xercise 4-15
The following are the major balance sheet classifications.
Current assets
Current liabilities
Long-term investments
Long-term liabilities
Property, plant, and equipment
Stockholders’ equity
Intangible assets
Classify each of the following accounts taken from Geraldo
Company’s balance sheet.
Balance Sheet Classification
Accounts
Accounts payable
Accounts receivable
Cash
Common Stock
Patents
Salaries and wages payable
Inventory
Investments

2. Accumulated depreciation
Buildings
Land
Long-term debt
Supplies
Equipment
Prepaid expenses