Which of the following is reported on the balance sheet? A. Rent Expense B. Dividends C. Prepaid Insurance Expense D. Cost of Goods Sold Which of the following journal entries is recorded when there is a purchase of inventory on account? A. debit Accounts Payable and credit Cash B. debit Accounts Receivable and credit Accounts Payable C. debit Inventory and credit Cash D. debit Inventory and credit Accounts Payable What should be the bafance in Refained Earnings on 1231/10? A. 5111,000 n.cosm csionow 0$11,000