The following accounts appeared in recent financial statements of continental airlines:
accounts payable
air traffic liability
aircraft fuel expense
cargo and mail revenue
comissions (expense)
flight equipment
landing fees
passenger revenue
purchase deposit for flight equipment
spare parts and supplies
Identify each account as a balance sheet account or an income statement account. for each balance sheet account, identitfy it as an assest, liability, or owners equity, For each income statement account, identify it as a revenue or expense?