Question: Account classifications include assets, liabilities, stockholders' equity, dividends, revenues, and expenses.
Required: For each transaction, indicate whether the related account would be classified as an
(a) asset,
(b) liability, or
(c) stockholders' equity to be reported in the balance sheet; a
(d) revenue or
(e) expense to be reported in the income statement; or an
(f) dividend to be reported in the statement of stockholders' equity.