Question: Hmwrk 1 Saved Help Save & Exit Submit 1 For each transaction, indicate whether each account would be classified in the balance sheet as an

Hmwrk 1
Saved
Help
Save & Exit
Submit
1
For each transaction, indicate whether each 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.
5
points
\table[[Accounts,Related Transactions,Account Classification],[Utilities payable,Amounts owed for utilities.,],[Cash,Cash available for use.,],[Salaries expense,Cost of salaries.,],[Common stock,Shares of ownership sold to investors.,],[Service revenue,Sale of services to customers.,]]
 Hmwrk 1 Saved Help Save & Exit Submit 1 For each

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