pter ! 1-3 Instruction: Classify the following account tities as to Assets, Liabilities and Owner's Equity (Income, Cost and Expense). Use "check mark". Classifying Accounting Elements ros OWNER'S EQUITY ASSET LIABILITY 1 Sample (a) Rent Expense 1. Cash In Bank 2. Felinita Barroga, Capital 3 3. Prepaid Expenses 4. Accounts Receivable 5. Accounts Payable 4. 6. Unused Office Supplies 7. Taxes and Licenses 8. Uncollectible Accounts 9. Felinita Barroga, Drawing 6 10. Notes Payable 11. Repairs and Maintenance 2. 12. Accrued Income 13. Petty Cash Fund 8 14. Insurance Expense 15. Purchases 9. 16. Cash on Hand 17. Unearned Income 10 18. Accumulated Depreciation 19. Estimated Uncollectible Accounts 20. Sales 21. Merchandise inventory, beginning 22. Freight Out 23. Sales Returns & Allowances 24. Merchandise Inventory, end 25. Freight in