Asked by denice cuellar on Jun 09, 2024
Verified
Identify which of the following accounts would appear on a balance sheet.(a)Cash
(b)Fees earned
(c)Common stock
(d)Wages payable
(e)Rent expense
(f)Supplies
(g)Land
Balance Sheet
A financial statement that displays a company's assets, liabilities, and shareholders’ equity at a specific moment, showing the company's financial position.
Wages Payable
The total amount of wages that a company owes to its employees for work that has been completed but not yet paid for.
Common Stock
Common stock represents units of ownership interest or equity in a corporation and usually comes with voting rights to elect the board of directors.
- Identify accounts that appear on a balance sheet.
Verified Answer
EV
Learning Objectives
- Identify accounts that appear on a balance sheet.