For each account below, determine if the item is a current asset (CA), long-term asset (LTA), current liability (CL), long-term liability (LTL), equity (EQ), revenue (R), or expense (Ex) account. Some could potentially have 2 answers depending on the scenario. Go with the most likely scenario. For example, Prepaid Rent could be a current asset or a long-term asset depending how far in the future the rent is prepaid for. Most likely, though it is a current asset. Use the abbreviations indicated. Cash CA Note Payable (due in 2 years) LTL Owners' Capital CA Service Fees Earned Cost of Goods Sold Equipment Accumulated Depreciation Accounts Receivable Taxes Payable Accounts Payable Prepaid Insurance Unearned Revenue