The following accounts and balances were taken from the records of US Airways (dollars in millions).

Identify each account as an income statement or balance sheet account. Where is each account reflected in the basic accounting equation?

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Flight equipment Passenger revenue Retained earnings Notes payable Interest expense Accounts receivable Prepaid expenses $5,035 12,305 (803) 2,952 244 297 601 Accounts payable Common stock Fuel expense Other revenues Short-term investments Depreciation expense Landing fees 331 3,489 1,532 100 261 556