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.