Which of the Following Items Would Appear on the Balance

question 63

Multiple Choice

Which of the following items would appear on the balance sheet?
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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Definitions:

Embarkation

The process of boarding a vehicle or vessel for the purpose of starting a journey or voyage.

Aggregation

The process of collecting and combining multiple pieces of data, information, or objects into a single group or summary form.

Structural Gestation

The process involved in the development and structuring of systems, organizations, or social patterns, especially over time.

Civic Ritual

Practices and ceremonies that reflect the values, traditions, and beliefs of a community or society, often associated with commemorating historical events or celebrating cultural heritage.