Which of the accounts below would ALL appear on the balance sheet.

Multiple Choice

a. Cash, Accounts Payable, Owner's Capital (ending balance)

b. Accounts Receivable, Accounts Payable, Fee Income

c. Utility Expense, Salary Expense, Cash

d. Owner's Capital (beginning), Owner's Drawing, Supplies Expense

Question

Beckham Robinson

Business

13 March, 23:55

Which of the accounts below would ALL appear on the balance sheet.

Multiple Choice

a. Cash, Accounts Payable, Owner's Capital (ending balance)

b. Accounts Receivable, Accounts Payable, Fee Income

c. Utility Expense, Salary Expense, Cash

d. Owner's Capital (beginning), Owner's Drawing, Supplies Expense

+5

Answers (1)

Know the Answer?

Marcos Hanson · Answer 1

a. Cash, Accounts Payable, Owner's Capital (ending balance)

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:

Total assets = Total liabilities + stockholder equity

The debit and credit side of the balance sheet should always be equal and balanced.

Moreover, it always is prepared on the specified date.

So, the all other options are wrong except option. a

Which of the accounts below would ALL appear on the balance sheet.Multiple Choicea. Cash, Accounts Payable, Owner's Capital (ending balance)b. Accounts Receivable, Accounts Payable, Fee Incomec. Utility Expense, Salary Expense, Cashd. Owner's Capital (beginning), Owner's Drawing, Supplies Expense