Required information
[The following information applies to the questionsdisplayed below.]
| Account No. | Account Title |
| (1) | Cash |
| (2) | Service Revenue |
| (3) | Accounts Receivable |
| (4) | Salaries Expense |
| (5) | Dividends |
| (6) | Common Stock |
| (7) | Salaries Payable |
| (8) | Retained Earnings |
Which of the following is a true statement? (Note: A statementmay be true even if it does not identify all accounts that appearon that particular financial statement.)
Multiple Choice
Account numbers 2, 4, and 5 will appear on the incomestatement.
Account numbers 1, 3, and 8 will appear on the balancesheet.
Account numbers 2, 5, and 8 will appear on the statement of cashflows.
Account numbers 4, 5, and 6 will appear on the statement ofchanges in stockholders’ equity.
Required information
[The following information applies to the questionsdisplayed below.]
| Account No. | Account Title |
| (1) | Cash |
| (2) | Service Revenue |
| (3) | Accounts Receivable |
| (4) | Salaries Expense |
| (5) | Dividends |
| (6) | Common Stock |
| (7) | Salaries Payable |
| (8) | Retained Earnings |
Which of the following is a true statement? (Note: A statementmay be true even if it does not identify all accounts that havedebit balances on that particular financial statement).
Multiple Choice
Account numbers 1, 3, and 5 normally have debit balances.
Account numbers 2, 4, and 5 normally have debit balances.
Account numbers 2, 5, and 8 normally have debit balances.
Account numbers 4, 5, and 6 normally have debit balances.
