Identify the accounts below that would ALL appear on the balance sheet.
A) Cash,Accounts Payable,Owner's Capital (ending balance)
B) Accounts Receivable,Accounts Payable,Fee Income
C) Utility Expense,Salary Expense,Cash
D) Owner's Capital (beginning),Owner's Drawing,Supplies Expense

Question

Quizplus · Accepted Answer

All three accounts in option A- Cash, Accounts Payable, and Owner's Capital (ending balance) would appear on the balance sheet. The balance sheet contains information about a company's assets, liabilities, and equity. Cash is an asset account, and Accounts Payable is a liability. Owner's Capital (ending balance) is an equity account that represents the owner's investment in the business after accounting for withdrawals and profits/losses. The other options have accounts that would not appear on the balance sheet.

Identify the Accounts Below That Would ALL Appear on the Balance