Question

In: Accounting

if you could classify these with the options below listed A-H. will upvote if answer all...

if you could classify these with the options below listed A-H. will upvote if answer all

Sales discounts

Additional paid in capital treasury stock

Premium on bonds long term

Loss on sale

Sales allowances

Leasehold improvements!

Accumulated depreciation

Unrealized gain on sale

Customer deposits current portion

Sales tax payable

Payroll tax expense

Discount on bonds long term

Allowance for doubtful accounts

Income tax payable

Unrealized loss on sale

A. Balance Sheet - Current Asset

B.Balance Sheet - Non Current Asset

C.Balance Sheet - Current Liability

D. Balance Sheet - Non Current Liability

E.Balance Sheet - Equity

F.Income Statement - Revenue (part of the Gross Profit calculation)

G.Income Statement - Operating expenses

H. Income Statement - Other

Solutions

Expert Solution

Sales discounts- Income Statement - Revenue (part of the Gross Profit calculation)

Additional paid in capital treasury stock- Equity

Premium on bonds long term- Balance Sheet - Non Current Liability

Loss on sale- Income Statement - Revenue (part of the Gross Profit calculation)

Sales allowances-  Income Statement - Operating expenses

Leasehold improvements!- Balance Sheet - Non Current Asset

Accumulated depreciation- Balance Sheet - Non Current Asset

Unrealized gain on sale- Income Statement - Other

Customer deposits current portion- Balance Sheet - Current Asset

Sales tax payable- Balance Sheet - Current Liability

Payroll tax expense- Balance Sheet - Current Liability

Discount on bonds long term- Income Statement - Other

Allowance for doubtful accounts- Income Statement - Other

Income tax payable- Balance Sheet - Current Liability

Unrealized loss on sale- Income Statement - Other


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