Identify Which of the Following Accounts Would Appear on a Balance

question 7

Short Answer

Identify which of the following accounts would appear on a balance sheet.(a)Cash
(b)Fees earned
(c)Common stock
(d)Wages payable
(e)Rent expense
(f)Supplies
(g)Land

---

Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to prohibit monopolistic business practices.

Illegal

Referring to actions or activities that are prohibited by law.

Promotional Allowances

Financial incentives offered by manufacturers to retailers or wholesalers to encourage the sale or stocking of products.

Robinson-Patman Act

A 1936 United States federal law aimed at preventing unfair competition and price discrimination by regulating trade practices.