Superb Professors

The following accounts appear in an adjusted trial balance of Fastback Consulting. Indicate whether each account would be reported in the
(a) Current asset;
(b) Property, plant, and equipment;
(c) Current liability;
(d) Long-term liability; or
(e) Owner’s equity section of the December 31, 2007, balance sheet of Fastback Consulting.
1. Accounts Payable
2. Accounts Receivable
3. Glen Moore, Capital
4. Wages Payable
5. Note Payable (due in 2014)
6. Cash
7. Supplies
8. Accumulated Depreciation-Building

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