Final answer:
The chart of accounts for a movie theater would most likely include the Retained earnings account since it pertains to the equity on a balance sheet; a drawing account is less likely, and Work-in-process is not relevant to a theater's operations.
Step-by-step explanation:
The chart of accounts for a movie theater would likely include standard financial accounts that pertain to its business operations. Among the options provided:
- Retained earnings (Option A) are a part of the equity section of a balance sheet and represent the portion of the business's profits that are not distributed as dividends but are kept by the company to be reinvested in its core business, or to pay debt. It is very common for businesses, including a movie theater, to have this account.
- Since a movie theater is not typically a sole proprietorship or a partnership, a drawing account (Option B) is less likely to be relevant. This account is used to record withdrawals made by the owner(s) from the business for personal use.
- Work-in-process (Option C) refers to the production cost of unfinished goods in manufacturing and would not typically be relevant to a movie theater, which does not engage in manufacturing.
Therefore, the correct options from those listed would be Retained earnings (Option A).