Friday, 17 June 2016

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

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

1. Accounts Receivable
2. Cash
3. Fees Earned
4. Land
5. Ming Hu, Capital
6. Supplies
7. Supplies Expense
8. Utilities Expense
9. Wages Expense
10. Wages Payable

Answer:
Balance sheet items: 1, 2, 4, 5, 6, 10

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