Question: ) Classify each of these items as an asset ( A ) , liability ( L ) , or owner's equity ( OE ) .

) Classify each of these items as an asset (A), liability (L), or owner's equity (OE).
________1. Accounts receivable
________2. Accounts payable
________3. Owner's Capital
________4. Supplies
________5. Utilities expense
________6. Cash
________7. Notes payable
________8. Equipment

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