The following accounts appeared in recent financial statements of Continental Airlines:

Accounts Payable                   Flight Equipment

Air Traffic Liability                   Landing Fees

Aircraft Fuel Expense             Passenger Revenue

Cargo and Mail Revenue        Purchase Deposits for Flight Equipment

Commissions                           Spare Parts and Supplies

Identify each account as either a balance sheet account or an income statement account. For each balance sheet account, identify it as an asset, a liability, or owner’s equity. For each income statement account, identify it as a revenue or an expense.