Consider the following account balances of the Shattuck Law Firm at the end of the year:
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
How many of these accounts would appear in Shattuck's year-end balance sheet?
A) Five.
B) Four.
C) Three.
D) Two.
Answer: A
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