Question

Given the list of accounts below, identify which of them would appear on a balance sheet. (Check all that apply.)

(A) Accounts Payable
(B) Rent Expense
(C) Utilities Expense
(D) Equipment
(E) Supplies
(F) Retained earning
(G) Rental revenue
(H) Cash

Answer 1

(A) Accounts Payable - Liabilities

(D) Equipment - Assets

(E) Supplies - Assets

(F) Retained earning - Owner's Equity

(H) Cash - Assets

Step-by-step explanation:

The major categories in a balance sheets are: Assets, Liabilities and Owner's Equity,

Assets are many things (as equipment, machinery, Receivables, etc) that belongs to the company, please see details in the answer.

Liabilities represent the obligations of the company with all kind of creditors.

And finally Owner's Equity it's the Capital that support part of the Assets along with the Liabilites.