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Consider the Following Account Balances of the Shattuck Law Firm

Question 109

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Consider the following account balances of the Shattuck Law Firm at the end of the year: How many of these accounts would appear in Shattuck's year-end balance sheet?
 Accounts Payable $4,400 Salaries Expense 12,800 Cash 1,700 Common Stock 2,400 Service Revenue 8,300 Supplies 4,300 Retained Earnings 1,100 Utilities Expense 5,000\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 4,400 \\\hline \text { Salaries Expense } & 12,800 \\\hline \text { Cash } & 1,700 \\\hline \text { Common Stock } & 2,400 \\\hline \text { Service Revenue } & 8,300 \\\hline \text { Supplies } & 4,300 \\\hline \text { Retained Earnings } & 1,100 \\\hline \text { Utilities Expense } & 5,000 \\\hline\end{array}


A) Five.
B) Four.
C) Three.

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