Delta Air Lines: EX 2-1 Chart of accounts The following accounts appeared in recent financial statements of Delta Air, Accounts Payable Advanced Payments for Equipment Air Traffic Liability Aircraft Fuel (Expense) Aircraft Maintenance (Expense) Aircraft Rent (Expense) Cargo Revenue Cash Contract Carrier Arrangements (Expense) Flight Equipment Frequent Flyer (Obligations) Fuel Inventory Landing Fees (Expense) Parts and Supplies Passenger Commissions (Expense) Passenger Revenue Prepaid Expenses Taxes Payable Chapter 2 Analyzing Transactions 91 Identify each account as either a balance sheet account or an income statement account For each balance sheet account, identify it as an asset, a liability, or owner's equity For each income statement account, identify it as a revenue or an expense. EX 2-2 Chart of account