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The beginning balance in Cash was $6,500. Additional cash of $1,000 was received. Checks were written totaling $1,500. The cash balance is: A. $2,000 B.

The beginning balance in Cash was $6,500. Additional cash of $1,000 was received. Checks were written totaling $1,500. The cash balance is:

A. $2,000
B. $6,000
C. $4,500

D. $3,000

Accounts Payable would appear on which financial statement?

A. Balance sheet
B. Income statement
C. Owner's equity statement

D. None of these answers are correct.

The income statement contains:

A. income only.
B. revenues.
C. expenses.
D. both revenues and expenses.

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