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i need these solved EX 2-1 Chart of accounts The following accounts appeared in recent financial statements of Delta Air Lines: OBJ. 1 Accounts Payable
i need these solved
EX 2-1 Chart of accounts The following accounts appeared in recent financial statements of Delta Air Lines: OBJ. 1 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 Inventories Passenger Commissions (Expense) Passenger Revenue Prepaid Expenses Taxes Payable 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 stockholders equity For each income statement account, identify it as a revenue or an expense. EX 2-2 Chart of accounts Innerscape Interiors is owned and operated by Jackie Vargo, an interior decorator. In the ledger of Innerscape Interiors, the first digit of the account number indicates its ma jor account classification (1-assets, 2-liabilities, 3-stockholders' equity, revenues, 5-expenses). The second digit of the account number indicates the specific account within each of the preceding major account classifications. Match each account number with its most likely account in the list that follows. The account numbers are 11, 12, 13, 21, 31, 32, 33, 41, 51, 52, and 53 Accounts Payable Accounts Receivable Cash Common Stock Dividends Fees Earned Land Miscellaneous Expense Retained Earnings Supplies Expense Wages ExpenseStep by Step Solution
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