Question

Which of the following items would appear on a balance sheet?

a. Wages Expense and Accounts Payable.
b. Service Revenue and Retained Earnings.
c. Supplies Expense and Cash.
d. Sales Revenue and Equipment.
e. Common Stock and Notes Payable.

Answer 1

Common Stock and Notes Payable

Step-by-step explanation:

On a balance sheet, you would typically find items such as:

• Common Stock - represents the ownership interest of shareholders in a company.
• Notes Payable - represents the debt owed by a company to its creditors.

Therefore, the correct answer would be Common Stock and Notes Payable.