Business, 21.09.2020 23:01 boweytom6217

Exxon Mobil Corporation explores, produces, refines, markets, and supplies crude oil, natural gas, and petroleum products in the United States and around the world. Required: Indicate how the accounts normally should be categorized on a classified balance sheet. Also indicate whether the account normally has a debit or credit balance. Answer is complete but not entirely correct. Debit or Credit Balance Balance Classification CL CA CA Sheet Credit
(1) Notes and Loans Payable (short-term)
(2) Materials and Supplies
(3) Common Stock
(4) Patents (an intangible asset)
(5) Income Taxes Payable
(6) Long-Term Debt Debit Debit Debit Credit Credit ) Marketable Securities (short-term investments) NCA Debit Debit 1 Credit のDebit Debit Debit Credit Debit Credit CA NCL NCL
(7) Marketable Securities (short-term investments) CA SE CA SE
(8) Property, Plant, and Equipment
(9) Retained Earnings
(10) Notes and Accounts Receivable (short-term)
(11) Investments (long-term)
(12) Cash and Cash Equivalents
(13) Accounts Payable
(14) Crude Oil Products and Merchandise
(15) Additional Paid-in Capital

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