Account classifications include assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Indicate the account classification for...

 

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Account classifications include assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Indicate the account classification for each account name. Related Transactions 1. Sell common stock to investors. 2. Receive cash from customers. 3. Incur amounts owed to employees. 4. Sell services to customers. 5. Incur cost of utilities. 6. Purchase of office supplies. 7. Pay for cost of advertising. 8. Purchase building for operations. 9. Purchase supplies on credit. 10. Distribute cash to stockholders. Accounts Common Stock Cash Salaries Payable Service Revenue Utilities Expense Supplies Advertising Expense Buildings Accounts Payable Dividends Account Classifications Account classifications include assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Indicate the account classification for each account name. Related Transactions 1. Sell common stock to investors. 2. Receive cash from customers. 3. Incur amounts owed to employees. 4. Sell services to customers. 5. Incur cost of utilities. 6. Purchase of office supplies. 7. Pay for cost of advertising. 8. Purchase building for operations. 9. Purchase supplies on credit. 10. Distribute cash to stockholders. Accounts Common Stock Cash Salaries Payable Service Revenue Utilities Expense Supplies Advertising Expense Buildings Accounts Payable Dividends Account Classifications

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Answer Requirement asked Account classification 1 Stockholders Equity 2 Asset 3 Liabilities 4 Revenu... View the full answer