The following accounts show balances on the adjusted trial balance.Which of these account balances will not appear the same on the balance sheet? A)Retained earnings B)Accounts receivable C)Common stock D)Notes payable

Question

Quizplus · Accepted Answer

Retained earnings may change on the balance sheet due to the closing of revenue and expense accounts, which affect the net income and subsequently the retained earnings.

The Following Accounts Show Balances on the Adjusted Trial Balance