Each of the following items describes aspects of the business of Lenny Linnehan, lawyer:

1.    cash which Lenny Linnehan has withdrawn from the business for personal use

2.    photocopiers, document binding machine and computers

3.    amounts owing by the business to suppliers of  an online legal database

4.    amounts owing by customers for cases completed

5.    tables, wall shelving and book cabinets for staff offices

6.    GST charged to clients for legal services

7.    money borrowed from a bank

8.    lease rental on premises which should have been paid 1 month ago

9.    supplies held for future document preparation

10.    insurance premium paid in advance to cover the next 6 months.

Required:

A. Suggest an account title for each item described.

B. Classify the item as an asset, liability, equity, income or expense.