From the Following List of Selected Accounts Taken from the Records

question 4

Multiple Choice

From the following list of selected accounts taken from the records of Schmidt Clinic, identify those that would appear on the balance sheet.

• A) Common Stock
• B) Service Revenue
• C) Land
• D) Salaries and Wages Expense
• E) Notes Payable
• F)Accounts Payable
• G)Cash
• H) Advertising Expense
• I) Supplies
• J) Utilities Expense

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Definitions:

Long-term Bonds

Debt securities that mature in more than one year, representing a long-term obligation on the part of the issuer to repay the principal along with interest.