ACCT 201 Principles of Financial Accounting Practice Exam - Chapter 2 Accounting Information System Dr. Fred Barbee Solution to Short-Problem #1

Select the appropriate financial statement for each of the following accounts (Note: Some items may appear on more than one financial statement.)

a.	Income Statement
b.	Statement of Retained Earnings
c.	Balance Sheet
d.	Statement of Cash Flows

c, d	1.	Cash
b	2.	Dividends
c	3.	Notes Payable
a	4.	Fees Earned
c	5.	Common Stock
c	6.	Accounts Receivable
a	7.	Rent Expense
a	8.	Supplies Expense