Which of the Following Items Would Appear on the Income

question 90

Multiple Choice

Which of the following items would appear on the income statement?
Common stock……$120,000 Accounts payable…...$25,000
Cash……………….$116,640 Accounts receivable..$22,450
Supplies………… $ 1,500 Office equipment…...$23,300
Prepaid rent……....$ 3,200 Unearned revenue….$ 4,152
Service revenue.....$ 20,000 Utilities expense…....$ 422
Retained earnings...$ 30,000 Shaving equipment…$31,640

• 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.

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