A company's chart of accounts includes,in part,the following account numbers and corresponding account titles:

-Which accounts would appear on the balance sheet?

Question

A company's chart of accounts includes,in part,the following account numbers and corresponding account titles:
 
-Which accounts would appear on the balance sheet?

Quizplus · Accepted Answer

Cash (1),merchandise inventory (2),and common stock (6)appear on the balance sheet.The remaining accounts appear on the income statement,except for dividends which appear on the statement of changes in stockholders' equity.

A Company's Chart of Accounts Includes,in Part,the Following Account Numbers