Accrued interest payable is what type of account?Accumulated depreciation is what type of account?prepaid insurance, for 2008, is what type of account?bonds payable, due in 10 years is what type of account?current maturities of long-term debt is what type of account?long-term receivables is what type of account?bond sinking fund, will be used to retire bonds in 10 years, is what type of account?supplies is what type of account?:confused:

katerod85

accrued int = current liability
acc depr = LT Asset (contra account)
prepaid ins = current asset
bonds pay 10 yr = LT liability
curr mat = current liability
lt rec = LT asset
bond sink = probably shown as a contra liability but some may put it in assets
supplies = current asset

For problems like this you may also want to check out the software at index

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Originally Posted by katerod85

Accrued interest payable is what type of account?Accumulated depreciation is what type of account?prepaid insurance, for 2008, is what type of account?bonds payable, due in 10 years is what type of account?current maturities of long-term debt is what type of account?long-term receivables is what type of account?bond sinking fund, will be used to retire bonds in 10 years, is what type of account?supplies is what type of account?:confused:

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Grab an accounting book and look it up. If you think you'll have ongoing questions like this, a good college level accounting book could be a great reference to have around.

Good luck!!

They already have an accounting book because this is homework, that they should have made some attempt to do on their own first and not just have answers given to them.

(Yeah, go ahead, someone have a hissy that I just repeated that yet again.)