[The following information applies to the questions displayed 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 EarningsWhich of the following is a true statement? (Note: A statement may be true even if it does not identify all accounts that appear on that particular financial statement.)
A. Account numbers 2, 4, and 5 will appear on the income statement.
B. Account numbers 1, 3, and 8 will appear on the balance sheet.
C. Account numbers 4, 5, and 6 will appear on the statement of changes in stockholders' equity.
D. Account numbers 2, 5, and 8 will appear on the statement of cash flows.
Answer: B
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