need help with my homework question QUESTION 1 The following accounts appear in

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need help with my homework question

QUESTION 1 The following accounts appear in an adjusted trial balance of Blaine Auto Service Company. Indicate whether each account would be reported in the (a) current assets, (b) property, plant, and equipment, (c) current liabilities, (d) long-term liabilities, or (e) owner's equity section of the December 31 balance sheet of Blaine Auto Service Company 1. Blaine Brock, Capital 2. Accumulated Depreciation 3. Unearned Revenues 4. Mortgage Payable 5. Equipment 6. Notes Payable (due in two years) 7. Cash 8. Accounts Receivable Words:0 Path: p QUESTION 2 Save All Answe Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Explanation / Answer

Blaine Brock, Capital = Owner’s Equity

Accumulated Depreciation = Property, Plant and Equipment

Unearned Revenues = Current Liabilities

Mortgage Payable = Long-term Liabilities

Equipment = Property, Plant and Equipment

Notes Payable (due in two years) = Long-term Liabilities

Cash = Current Assets

Accounts Receivable = Current Assets

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