7. 6. 5. Which of the following would not be included on a balance sheet? A Accounts receivable. B Accounts payable. C Sales. D Cash Which of the following balance sheet equations is wrong? A Assets Liabilities - Stockholders Equity B Assets Liabilities Stockholders Equity C Assets - Stockholders Equity Liabilities Liabilities +Stockholders Equity Assets Which of the following would not be found on an income statement? A. Charitable contribution B. Flood loss C. Accumulated depreciation D. Depreciation expense 8. GameStop received $200,000 income in advance with $175,000 earned at the end of the year. The adjusting entry required at year end: Answer A Account Cash Debit Amount $200,000 Unearned Income B Unearned Income $175,000 Accounts Receivable Credit amount $200,000 $175,000