The following accounts appear in an adjusted trial balance of Hindsight 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 Hindsight Consulting.

1. Jason Corbin, Capital

2. Notes Receivable (due in 6 months)

3. Notes Payable (due in 2009)

4. Land

5. Cash

6. Unearned Rent (3 months)

7. Accumulated Depreciation—Equipment

8. Accounts Payable