Accounts	Related Transactions	Account Classifications
1. Common stock	Sale of common stock to investors.
2. Equipment	Equipment used for operations.
3. Salaries payable	Amounts owed to employees.
4. Service revenue	Sales of services to customers.
5. Utilities expense	Cost of utilities.
6. Supplies	Purchase of office supplies.
7. Research and development expense	Cost of research and development.
8. Land	Property used for operations.
9. Income tax payable	Amounts owed to the IRS for taxes.
10. Interest payable	Amount of interest owed on borrowing.