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Account classifications include assets, liabilities, stockholders' equity, dividends, revenues, and expenses.

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points For each transaction, select whether the related account would be classified in the balance sheet as an asset, a liability, or stockholders' equity; in the income statement as a revenue or an expense; or in the statement of stockholders' equity as a dividend.

$\backslash$table$[[$eBook$],[$Print$],[$References$]]$

$\backslash$table$[[$Accounts$,$Related Transactions,Account Classifications$],[1.$ Common stock,Sale of common stock to investors.,$],[2.$ Equipment,Equipment used for operations.,$],[3.$ Salaries payable,Amounts owed to employees.,$],[4.$ Service revenue,Sales of services to customers.,$],[5.$ Utilities expense,Cost of utilities.,$],[6.$ Supplies,Purchase of office supplies.,$],[7.$ Research and development expense,Cost of research and development.,$],[8.$ Land,Property used for operations.,$],[9.$ Income tax payable,Amounts owed to the IRS for taxes.,$]]$

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