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For each transaction, indicate whether each account would be classflifed as ( a ) an asset on the balance sheet ( b ) a liability
For each transaction, indicate whether each account would be classflifed as
a an asset on the balance sheet
b a liability on the balance sheet
c stockholders' equity on the balance sheet
d a revenue on the income statement
e an expense on the income statement
i a dividend on the stockholders' equity statement.
Account Classitications
c
Related Transactions
Cost of rent.
Interest earned on savings account.
Cash payments to stockholders.
Land used for operations.
Amounts owed to suppliers.
Amounts owed for utilities.
Cash available for use.
Cost of salaries.
Shares of ownership sold to investors.
Sale of services to customers.
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