For each of the following accounts, indicate the account type by labeling it as an asset (A),

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For each of the following accounts, indicate the account type by labeling it as an asset (A), liability (L), stockholders’ equity (SE), revenue (R), or expense (E). Also give the digit each account number would begin with in the chart of accounts. Use the most detailed account type appropriate.
___A,1_ Land
______ 1. Service Revenue
______ 2. Dividends
______ 3. Accounts Receivable
______ 4. Salaries Expense
______ 5. Notes Payable
______ 6. Common Stock
______ 7. Rent Expense

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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