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For each transaction, indicate whether each account would be classified in the balance sheet as (a) an asset, (b) a liability, or (c) stockholders' equity; in the income statement as (d) a revenue or (e) an expense; or in the statement of stockholders' equity as (f) a dividend. account classifications accounts rent expenseinterest1. rent expense cost of rent.2. interest revenue interest earned on saving accounts.3. dividends cash payments to stockholders4. land land used for operations5. accounts payable amounts owned for supplier
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