For each transaction, indicate whether each account would be classified as

$($a$)$ an asset on the balance sheet

$($b$)$ a liability on the balance sheet

$($c$)$ stockholders$$ equity on the balance sheet

$($d$)$ a revenue on the income statement

$($e$)$ an expense on the income statement

$($f$)$ a dividend on the stockholders$$ equity statement.

$$

Account Classifications

Accounts

Related Transactions

$1.\_\_\_\_\_\_\_$

Rent expense

Cost of rent.

$2.\_\_\_\_\_\_\_$

Interest revenue

Interest earned on savings account.

$3.\_\_\_\_\_\_\_$

Dividends

Cash payments to stockholders.

$4.\_\_\_\_\_\_\_$

Land

Land used for operations.

$5.\_\_\_\_\_\_\_$

Accounts payable

Amounts owed to suppliers.

$6.\_\_\_\_\_\_\_$

Utilities payable

Amounts owed for utilities.

$7.\_\_\_\_\_\_\_$

Cash

Cash available for use.

$8.\_\_\_\_\_\_\_$

Salaries expense

Cost of salaries.

$9.\_\_\_\_\_\_\_$

Common stock

Shares of ownership sold to investors.

$10.\_\_\_\_\_\_\_$

Service revenue

Sale of services to customers.