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

1. e

2. d

3. f

4. a

5. b

Explanation:

1. Rent expense - Cost of rent - It is an expense which is an expense that is incurred during the course of operations of the business.

2. Interest revenue - Interest earned on the saving accounts - It is a Revenue, which is the revenue or the profit that is earned during the course of operations of the business.

3. Dividends- Cash payment to stockholders - It will be classified as Dividend, this is dividend which is paid out of profits of the company to stockholders.

4. Land - Land used for operation - It is classified or recognized as the Asset, as it is a resource which is owned by the company or business and could expect future benefits for its use.

5. Accounts Payable - Amounts owned for supplier - It is acknowledged as the liability, because it is an obligation or liability owed by the business to creditors.