Question
Use the following to answer question 8. Account No. Account Title Cash Service Revenue Accounts Receivable Salaries Expense Dividends Common Stock (1) Salaries Payable
Use the following to answer question 8. Account No. Account Title Cash Service Revenue Accounts Receivable Salaries Expense Dividends Common Stock (1) Salaries Payable Retained Earnings 8. Select the true statement (note: an answer may be true even if it does not identify all accounts that appear on a particular statement). A. Account numbers 1, 3, and 7 will appear on the balance sheet. B. Account numbers 2, 4, and 5 will appear on the income statement. C. Account numbers 2, 5, and 8 will appear on the statement of cash flows. D. Account numbers 4, 5, and 6 will appear on the statement of changes in equity.
Step by Step Solution
3.37 Rating (153 Votes )
There are 3 Steps involved in it
Step: 1
Answer The correct option is A Account number 1 3 and 7 will appear on the balance sheet Expl...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Financial Accounting: A Business Process Approach
Authors: Jane L. Reimers
3rd edition
978-013611539, 136115276, 013611539X, 978-0136115274
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App