Simple MCQ from Financial Accounting class. Please answer it ASAP!!!

88 1 20 Collapse information applies to the questions displayed below. A company's chart of accounts includes, in part, the following account numbers and corresponding account titles Account No. (2) B) 141 (5) (6) 07 8 19 Account Title Cash Merchandise inventory Cost of goods sold Transportation-out Dividends Common stock Selling expense Loss on the sale of land Sales Which accounts would appear on the balance sheet? Account numbers 3.48. and o Account numbers 13.7 and 8 Account number 1 2.4. and Account number 1.2 and and 9 Account numbers 1.3.7. and Account numbers 1.2.4 and 5 Account numbers 1.2 and QUESTION 21 Anchor Company sold merchandise with a cost of 5560 to a customer for 590 on account. What is the effect on the company francaments? The financial statements will not be affected. Total assets and total stockholders' equity will increase Total assets will increase but total stockholders equity will not be affected Total assets are not affected but equity increases QUESTION 22 e 122 Collapse information applies to the questions displayed below! Packard Company engaged in the flowing transactions during Year 1, its first year of operations une altres are casa 1) Acquired cash from the issue of common stock Borrowed $420 from a bank 3) Earned 5650 of revenues Ad expenses of $250 Si Pald a 550 dividend. During Year 2. Packard engaged in the following transactions: Assuma al actions and cash transactions 1) sued an additional 5325 of common stock 2 paid $220 of tot to the bank 3) Emers of 5750. incurred of 360 Poid dividends $100 The out of totallation Packable Shoot 13