Question: THREE (10marks) Account classifications include assets. liabilities, stockholders' equity, dividends, revenue, and expenses. Account classification 1. 2. 3. 4. 5. 6 7. account names common

THREE (10marks) Account classifications include assets. liabilities, stockholders' equity, dividends, revenue, and expenses. Account classification 1. 2. 3. 4. 5. 6 7. account names common stock machines salaries payable service revenue utilities expense prepaid rent research expense land related transactions sale of common stock to investors. machine used for operations. amounts owed to employees. sales of services to customers cost of utilities. purchase of rent one year in advance. cost of research and development. property used for operations amounts owed to IRS for taxes. 8. 9. taxes payable 10. interest payable amount of interest owed on borrowing

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