State the balance sheet or income statement classification (asset, liability, stockholders equity, revenue, or expense) of each

Question:

State the or income statement classification (asset, liability, stockholders’ equity, revenue, or expense) of each of the following accounts:
a. Cash (received from the issuance of capital stock).
b. Organization Costs.
c. Preferred Stock.
d. Retained Earnings.
e. Additional Paid-in Capital.
f. Income Taxes Payable.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...