(d) Professor, haven't computers and modern information systems made accountants obsolete? (e) Professor, I am interested in becoming a CPA. Do I need to apply to the FASB? Classification of items as assets, liabilities, revenues, or expenses Determine whether each of the following items is a(n): Asset Liability Revenue B-01.02 X Expense Owners' equity Other (a) Cash (h) Salaries (b) Dividend to shareholders (i) Rent paid (c) Land (j) Cost of utilities used (d) Accounts payable (k) Customer order not yet filled (e) Capital stock (1) The value of completed services provided to customers (f) Notes payable (g) Accounts receivable (m) Obligation to pay for utilities consumed Impact of transactions on fundamental accounting equation SPREADSHEET TOOL: Using drop down lists B-01.03