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

82 Collapse 141 [The following information applies to the questions displayed below) A company's chart of accounts includes, in part, the following account numbers and corresponding accounts Account No. 2) B) (4) 153 Account Title Cash Merchandise inwentory Cost of goods sold Transportation out Dividends Common stock Selling expense LOSS on the sale of land Sales 10) (7) 162 19 Which accounts would appear on the income statement Account numbers. 45.7 and 9 Account number 3.-4.7.3. and Account number 23.7.3 and 9 Account numbers 5.7 and 8 On habis An increase in abities and a decrease in equity An increase in assets and a decrease in liabilities QUESTION 43 On January 1 Year 2. the Supplies account of Sheldon Company had a balance of 51.200. During the year, the company purchased 14.00 on account and made partial payments totaling 53.000 on those accounts. On December 3 Year 2 Sheldon determined that there were supplies on hand. Which of the following would be reported on Sheldon's Year financial statements 51.600 of supplies: 53.400 of supplies expense 51.600 of supplies 5200 of supplies expense 51.400 of supplies: 53.200 of supplies expense 51.400 of supplies: 52.000 of supplies expense QUESTION 44 188 144 Collapse Information applies to the questions displayed below. Packard Company engaged in the following transactions during Year 1. its first year of operations suctions that 1) Acquired 5950 cash from the issue of common stock 2) Borrowed 5420 from a bank 3) Earned 5650 of revenues 4 Pald expenses of $250 5) Paid a $50 dividend During Year 2. Packard engaged in the following transactions sumal transactions are cash transactions) 1 issued an additional 5325 of common stock 2) Read 220 of its debt to the bank. 3) Earned revenues of 5730 4) incurred expenses of 5300 5 Paid dividends of $100 The amount of assets on Packs Year 2 balance sheet 5395