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30 November, 20:21

The following items were drawn from a company's accounting records: (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land (4) Supplies (5) Supplies expense (6) Cash collected for service to be provided in the future (7) Unearned revenue (8) Prepaid rent (9) Earned Revenue (10) Accrued salaries expense (11) Common stock (12) Dividends (13) Cash paid for prepaid rent (14) Retained earnings.

Which of the items listed above appear on the balance sheet?

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  1. 30 November, 22:33
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    The following that are drawn from a company's accounting records and also appear on the balance sheet are:

    Accounts receivable Supplies Unearned revenue Prepaid rent Common stock Retained earnings

    All other items don't appear on the balance sheet which are:

    Accounts payable Cash paid to purchase land Supplies expense Cash collected for service to be provided in the future Earned Revenue Accrued salaries expense Dividends Cash paid for prepaid rent
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