Question: For each transaction, indicate whether each account would be classified in the balance sheet as (a) An asset, (b) A liability, (c) Stockholders equity; in

For each transaction, indicate whether each account would be classified in the balance
sheet as

(a) An asset,

(b) A liability,

(d) A revenue

(e) An expense; or in the statement of stockholders’ equity as

(f) A dividend.

Account Classifications Accounts Related Transactions Rent expense Interest revenue 1. Cost of rent. Interest earned on savings account. Cash payments to stockholders. Land used for operations. Amounts owed to suppliers. 2. 3. Dividends 4. Land 5. Accounts payable

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