Accounting Basics Project Now it is your turn! You get to examine and analyze financial information for Critter Sitters Animal Care. Part 1: Prepare 1. Classify each account as an asset, liability, or owner's equity and label it in the chart. Account Balance Account Classification Cash $12,000 Petty Cash $1,000 Accounts Receivable, Turner family $1,100 Office Supplies $1,250 Pet Supplies $900 Accounts Payable, Buddy's Pet Supplies $650 Accounts Payable, Otts Office Supplies $840 Michelle Sanchez, Capital $14,760