Showing posts with label Hoosier Appliance Service. Show all posts
Showing posts with label Hoosier Appliance Service. Show all posts

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