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Exercise: Classify the following event: AU if it is (asset used), SA (source of asset). EA (exchange of asset) or EC (exchange of claims). Classification 4 Event 1 Purchase inventory Salary expense on account for April 2 2020 3 Purchase returns Payment to creditors 5 Recording revenue 6 Recording cost of goods sold 7 Reversing revenue 8 Reversing cost of goods sold 9 Collections on account receivable 10 Owner withdrew cash for personal use