The following are a few of the accounts of Hope-Smith Company

The following are a few of the accounts of Hope-Smith Company:

1. Accounts Payable                                        9. Leasehold Improvements

2. Accounts Receivable                                   10. Notes Payable (due in three years)

3. Buildings                                                     11. Notes Receivable (due in six months)

4. Cash                                                           12. Prepaid Rent

5. Contributed Capital                                     13. Retained Earnings

6. Land                                                           14. Supplies

7. Merchandise Inventory                                15. Utilities Payable

8. Income Taxes Payable                                 16. Wages Payable

In the space provided, classify each as it would be reported on a balance sheet. Use the following code:

CA= current asset CL = current liability SE= stockholders’ equity NCA= noncurrent asset NCL=_ noncurrent liability
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