Label the following accounts as asset (A), liability (L), owner’s equity (OE), revenue (R), or expense (E):

a. Supplies

b. Service Income

c. Prepaid Insurance

d. T. S. Bayne, Drawing

e. Accounts Receivable

f. Professional Fees g. T. S. Bayne, Capital h. Utilities Expense i. Accounts Payable j. Rent Expense P.O. 2 Classify accounts.