Friday, December 14, 2018

From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date

From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date, identify those that would appear on the balance sheet:

1. Accounts Payable
2. Accounts Receivable
3. Andrew King, Capital
4. Cash
5. Fees Earned
6. Land
7. Rent Expense
8. Supplies
9. Wages Expense
10. Wages Payable

Answers:
Balance sheet items: 1, 2, 3, 4, 6, 8, 10

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