Chart of accounts The following accounts appeared in recent financial statements of Delta Air Lines: Identify each account as either a balance sheet account or an income statement account. For each...

Chart of accounts

The following accounts appeared in recent financial statements of Delta Air Lines:

Identify each account as either a balance sheet account or an income statement account. For each balance sheet account, identify it as an asset, a liability, or stockholders’ equity. For each income statement account, identify it as a revenue or an expense.