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me AaBbCcDdEe Normal AaBbCcDdEe No Spacing AaBbCcDc AaBbCcDdEe AaBb AaBbCe Heading 1. Heading 2 Title Subti Assets Liabilities 3. Match the following items: Account
me AaBbCcDdEe Normal AaBbCcDdEe No Spacing AaBbCcDc AaBbCcDdEe AaBb AaBbCe Heading 1. Heading 2 Title Subti Assets Liabilities 3. Match the following items: Account Classifications 1. 2. 23 Descriptions a. sales of products or services. b. Owners' claims to resources. Stockholders' equity c. Distributions to stockholders. 456 Dividends Revenues 6. Expenses d. Costs of selling products or services. e. Resources of a company. f. Amounts owed. Complete the following: For each transaction, indicate whether each account would be classified 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 (f) a dividend on the stockholders' equity statement. Account Classifications 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Accounts Rent expense Interest revenue Dividends Land Accounts payable Utilities payable Cash Salaries expense Common stock Service revenue 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. Focus The
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