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.