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Account classifications include assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Indicate the account classification for each account name. Account Classifications Related Transactions 1. Sell
Account classifications include assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Indicate the account classification for each account name. Account Classifications Related Transactions 1. Sell common stock to investors. 2. Receive cash from customers. 3. Incur amounts owed to employees. 4. Sell services to customers. 5. Incur cost of utilities. 6. Purchase of office supplies. 7. Pay for cost of advertising. 8. Purchase building for operations. 9. Purchase supplies on credit. 10. Distribute cash to stockholders. Accounts Common Stock Cash Salaries Payable Service Revenue Utilities Expense Supplies Advertising Expense Buildings Accounts Payable Dividends
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