The following titles were drawn from the general ledger of Holt Food Supples, Incorporated (HFSI): Computors, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Expense, Trucks, GasolineExpense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense. Label each account title as either an asset,liability, stockholder's equilty.     Need help with this homework problem.

Q: Which of the following are reported on the income statement? Check all that apply. Dividends Revenue…

A: Income statement is a financial statement that shows profitability, total revenue and total…

Q: Indicate the financial statement on which each of the following items appears. income…

A: Definition: Financial statements: Financial statements are condensed summary of transactions…

Q: For each of the following items, indicate whether they would be reported in the balance sheet (B) or…

A: Balance sheet and income statement are the financial statements which are used to depict the…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is