1. Accounts Payable Would appear on the balance sheet - Yes
Due to the fact that it represents the sum that the business owes its creditors, accounts payable is a balance sheet item.
2. Accounts Receivable Would appear on the balance sheet - Yes
In relation to the money that clients owe the business, accounts receivable would show up on the balance sheet.
3. Andrew King, Capital Would NOT appear on the balance sheet - Yes
A balance sheet component is capital. It is a component of equity.
4. Cash Would appear on the balance sheet - Yes
On the balance sheet, cash would be shown.
5. Fees Earned Would appear on the balance sheet - No
An item on the income statement is fees earned.
6. Land Would NOT appear on the balance sheet - Yes
The balance sheet's component of fixed assets includes land.
7. Rent Expense Would appear on the balance sheet - No
Rent expenditure appears on the income statement.
8. Supplies Would appear on the balance sheet - Yes
On the balance sheet, supplies would show as a current asset.
9. Wages Expense Would appear on the balance sheet - No
Wage expenditure is a line item on the income statement.
10. Wages Payable - Yes
The balance statement would show due wages. It refers to employee pay that the business owes.
<h3>Complete Question - </h3>
From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date, identify those that would appear on the balance sheet:
1. Accounts Payable Would appear on the balance sheet.
2. Accounts Receivable Would appear on the balance sheet.
3. Andrew King, Capital Would NOT appear on the balance sheet.
4. Cash Would appear on the balance sheet.
5. Fees Earned Would appear on the balance sheet.
6. Land Would NOT appear on the balance sheet.
7. Rent Expense Would appear on the balance sheet.
8. Supplies Would appear on the balance sheet.
9. Wages Expense Would appear on the balance sheet.
10. Wages Payable
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