Consider the Following Account Balances of the Shattuck Law Firm

question 138

Multiple Choice

Consider the following account balances of the Shattuck Law Firm at the end of the year: How many of these accounts would appear in Shattuck's year-end income statement?
$$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 4,400 \\\hline \text { Salaries Expense } & 12,800 \\\hline \text { Cash } & 1,700 \\\hline \text { Common Stock } & 2,400 \\\hline \text { Service Revenue } & 8,300 \\\hline \text { Supplies } & 4,300 \\\hline \text { Retained Earnings } & 1,100 \\\hline \text { Utilities Expense } & 5,000 \\\hline\end{array}$$

• A)Five.
• B)Four.
• C)Three.