For each of the accounts listed, indicate whether it is an asset (A), a liability (L), or an owners’ equity (OE) account. If it is an account that affects owners’ equity, indicate whether it is a revenue (R) or expense (E) account.
1. Cash
2. Sales
3. Accounts Receivable
4. Cost of Goods Sold
5. Insurance Expense
6. Capital Stock
7. Mortgage Payable
8. Salaries and Wages Expense
9. Retained Earnings
10. Salaries Payable
11. Accounts Payable
12. Interest Revenue
13. Inventory
14. Interest Receivable
15. Notes Payable
16. Equipment
17. Office Supplies
18. Utilities Expense
19. Interest Payable
20. Rent Expense