Prepaid expense would appear on which financial statement? O A. Income Statement O B. Balance Sheet OC. Owner's Equity Statement OD. None of the above answers are correct. Click to select your answer. What is X-cel Company's net income or net loss if it had Revenue of $1,800, Salary Expense of $400, Utility Expense of $350, and Withdrawals of $5,000 during October? O A. $3,950 net loss O B. $3,950 net income OC. $1,050 net loss OD. $1,050 net income Click to select your answer Type here to search ole Which type of account would not be reported on the balance sheet? O A. Accounts Payable O B. Equipment O C. Expense OD. Cash Click to select your answer. A compound entry is: O A. to duplicate an entry. O B. a transaction involving more than one debit and/or credit. O C. found on the income statement. OD. used to prepare the trial balance. Click to select your answer. Type here to search ole