Select the balance sheet category where the items given would best typically appear.

1. Cash 2. Copyrights 3. Accounts receivable 4. Notes payable (due in 10 days) 5. Store equipment 6. Franchises 7. Machinery 8. Wages payable

Expert Solution

	Items	Balance Sheet Category	Explanation
1.	Cash	Current Assets	Cash is Current assets . As it uses in regular basis in Company.
2.	Copyrights	Intangible Assets	Intangible Assets are those Assets which we are not present physical in the company. Copyrights is Intangible Assets.
3.	Account receivable	Current assets	Account Receivable is Current assets as it is amount which not collected from customer but it Collected within short period of time
4.	Note payable (due in 10 days)	Current liabilities	Note Payable are Current liabilities as Note Payable have to payable in 10 days.
5.	Store Equipment	Property,Plant and Equipment	Store Equipment are purchased for long term uses.
6.	Franchises	Intangible Assets	Intangible Assets are those Assets which we are not present physical in the company. Copyrights is Intangible Assets.
7.	Machinery	Property, Plant and Equipment	Machinery are purchased for long term purposes.
8.	Wages payable	Current liabilities	Wages Payable are Current liabilities as It has paid within short term periods.

ekkarill92 answered 2 years ago

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