Joan Bennish began Bennish Consulting on May 1, 2014, and reported the items below at May 31, 2014. Match each numbered item with the part of the balance sheet on which it should be presented. If the item does not appear on the balance sheet, choose (d) and identify on which financial statement(s) the item would appear.
a. Asset
b. Liability
c. Equity
d. Does not appear on the balance sheet