A company's chart of accounts includes, in part, the following account numbers and corresponding account titles: Account Number (1) (2) (3) (4) (5) (6) Account Title Cash Merchandise inventory Cost of goods sold Transportation-out Dividends Common stock (7) Selling expense (8) Loss on the sale of land Sales (9) Which accounts would appear on the balance sheet? Multiple Choice
A company's chart of accounts includes, in part, the following account numbers and corresponding account titles: Account Number (1) (2) (3) (4) (5) (6) Account Title Cash Merchandise inventory Cost of goods sold Transportation-out Dividends Common stock (7) Selling expense (8) Loss on the sale of land Sales (9) Which accounts would appear on the balance sheet? Multiple Choice
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 2MC: What accounts are used to recognize a retailers purchase from a manufacturer on credit? A. accounts...
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![A company's chart of accounts includes, in part, the following account numbers and corresponding account titles:
Account
Number
(1)
(2)
(3)
(4)
(5)
(6)
Multiple Choice
(7)
(8)
(9)
Which accounts would appear on the balance sheet?
O
Account Title
Cash
Merchandise inventory
Cost of goods sold
Transportation-out
O
Dividends
Common stock
Selling expense
Loss on the sale of land
Sales
Account numbers 1, 2, 4, and 5
Account numbers 1, 3, 7, and 8
Account numbers 1, 2, and 6
Account numbers 3, 4, 8, and 9](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d7c6df9-9072-40bc-ad85-7ace55fd8504%2F6d272e4e-baa7-4f54-b423-3ee121337514%2Fxnbut9r_processed.png&w=3840&q=75)
Transcribed Image Text:A company's chart of accounts includes, in part, the following account numbers and corresponding account titles:
Account
Number
(1)
(2)
(3)
(4)
(5)
(6)
Multiple Choice
(7)
(8)
(9)
Which accounts would appear on the balance sheet?
O
Account Title
Cash
Merchandise inventory
Cost of goods sold
Transportation-out
O
Dividends
Common stock
Selling expense
Loss on the sale of land
Sales
Account numbers 1, 2, 4, and 5
Account numbers 1, 3, 7, and 8
Account numbers 1, 2, and 6
Account numbers 3, 4, 8, and 9
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