Hello savior! Could you help me with this question #1? I would appreciate your help more than anything. It can be just one sentence per definition. Also I need to separate them for balance and profit or loss. Please, I need you! Thank you so much

Part 1 Become familiar with the list of accounts, called the "Chart of Accounts", that will be used to report Gemstar's financial transactions. For each of the items listed below define each account and name the financial statement each appears in. Your choice of financial statements are the Balance Sheet or the Profit and Loss Statement Deposit at Vendor . Cash . Vehicles . Customer Deposit . Loan Payable Interest Payable . Supplies Inventory . Common Stock Insurance Expense . Event Revenue . Payroll Expense . Equipment Rental Expense Depreciation Expense Office Supplies Expense Utilities Expense