O $780 QUESTION 36 Which of the following financial statement elements is closed at the end of an accounting cycle Liabilities Dividends Assets Common stock Click Save and Submit to save and submit: Click Save at Answers to save all ansters O $5,700 $9,300 QUESTION 40 How will accounts payable appear on the following financial statements ? O Liability on the balance sheet Expense on the income statement Revenue on the income statement Asset on the balance sheet The following pre-closing accounts and balances were drawn from the records Cash $3,600 Accounts receivable $ 1,500 Dividends 1,800 Common stock 2,275 Land 2,100 Revenue 2,100 Accounts payable 1,100 Expense 1,200 What is the amount of total assets on Carolina's December 31, Year 1 balance O $7,200 O $9,000 $5,700 $9,300 QUESTION 40 How will accounts payable appear on the following financial statements? the halance sheet