Solution-Financial statements of callahan company

Financial statements of callahan company

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Reference no: EM13555589

1. The following accounts were taken from the financial statements of Callahan Company.

Salaries payable	Investment in real estate
Service revenue	Delivery truck
Interest payable	Accumulated depreciation
Goodwill	Depreciation expense
Short-term investments	R. Callahan, Capital
Mortgage note payable due in 3 years	Unearned revenue

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)

Reference no: EM13555589

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Financial statements of callahan company

Reference no: EM13555589

Reference no: EM13555589

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