ANSWER 1-10 ALL QUESTIONS MUST BE ANSWERED, DECIDE WHAT THE ACCOUNT CLASSIFICATION IS: ASSET, DIVIDEND, EXPENSE, LIABILITY, REVENUE, STOCKHOLDERS EQUITY. CHOOSE 1 OF THE 5 FOR THE APPROPRIATE ACCOUNT CLASSIFICATION

For each transaction, select whether the related account would be classified in the balance sheet as an asset, a liability, or stockholders' equity; in the income statement as a revenue or an expense; or in the statement of stockholders' equity as a dividend. Accounts Related Transactions Account Classifications 1. Common stock 2. Equipment Sale of common stock to investors. Equipment used for operations. Asset 3. Salaries payable Amounts owed to employees. Dividend 4. Service revenue Sales of services to customers. Expense 5. Utilities expense Cost of utilities. 6. Supplies Purchase of office supplies. Liability Revenue 7. Research and development expense Cost of research and development. 8. Land Stockholders' equity 9. Income tax payable Property used for operations. Amounts owed to the IRS for taxes. Amount of interest owed on borrowing. 10. Interest payable