Based on the data presented in Exercise 1-16, identify those items that would appear on the income statement.

Exercise 1-16

From the following list of selected items taken from the records of Hoosier Appliance Service as of a specific date, identify those that would appear on the balance sheet: 1. Accounts Payable 2. Capital Stock 3. Cash 4. Fees Earned 5. Land 6. Supplies 7. Supplies Expense 8. Utilities Expense 9. Wages Expense 10. Wages Payable