Which of the following items would appear on the balance sheet?
A)Common stock,service revenue,retained earnings,accounts payable,and unearned revenue.
B)Cash,supplies,prepaid rent,accounts receivable,office equipment,utilities expense,and shaving equipment.
C)Common stock,cash,supplies,prepaid rent,retained earnings,accounts payable,accounts receivable,office equipment,unearned revenue,and shaving equipment.
D)Service revenue and utilities expense.
E)Service revenue,unearned revenue,and utilities expense.

Question

Which of the following items would appear on the balance sheet? 
A)Common stock,service revenue,retained earnings,accounts payable,and unearned revenue. 
B)Cash,supplies,prepaid rent,accounts receivable,office equipment,utilities expense,and shaving equipment. 
C)Common stock,cash,supplies,prepaid rent,retained earnings,accounts payable,accounts receivable,office equipment,unearned revenue,and shaving equipment. 
D)Service revenue and utilities expense. 
E)Service revenue,unearned revenue,and utilities expense.

Quizplus · Accepted Answer

The balance sheet includes assets such as cash, supplies, prepaid rent, and office equipment, as well as liabilities such as accounts payable and unearned revenue. It also includes equity accounts such as retained earnings and common stock. The other options include income statement accounts such as service revenue and expenses such as utilities expense, which do not appear on the balance sheet.

Which of the Following Items Would Appear on the Balance