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The following accounts appeared in recent financial statements of Delta Air Lines: Accounts Payable Fuel Inventory...

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

Accounts Payable Fuel Inventory
Accounts Receivable Landing Fees (Expense)
Accrued Salaries (Obligations) Loyalty Program (Obligations)
Aircraft Fuel (Expense) Parts and Supplies
Aircraft Maintenance (Expense) Passenger Commissions (Expense)
Aircraft Rent (Expense) Passenger Revenue
Air Traffic Liability Prepaid Expenses
Cargo Revenue Property and Equipment
Cash Regional Carriers Expense

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 owner’s equity. For each income statement account, identify it as a revenue or an expense.

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