1. Indicate whether each of the following accounting is an asset (A), a liability (L), or a part of owner’s equity (OE):

a. Cash

b. Salaries Payable

c. Accounts Receivable

d. Owner’s Capital

e. Land

f. Accounts Payable

g. Supplies

2. Indicate whether each account below would be shown on the income statement (IS), the statements of owner’s equity (OE), or the balance sheet (BS).

a. Repair Revenue

b. Automobile

c. Fuel Expense

d. Cash

e. Rent Expense

f. Accounts Payable

g. Withdrawals