Peter Smith Computing Consulting is an IT consulting business. Classify the following accounts used by the accountant of the business into any one of the following categories: assets, liabilities, equity, revenue and expenses. Respond to each question with one of the categories (assets, liabilities, equity, revenue and expenses) a.Accounts payable

b. IT consulting services revenue c. Rent expense d. Deposits from customers (Peter Smith Computer Consulting usually requires its customers to pay an initial deposit for major contracts prior to the commencement of the job. The accountant will charge the amount of the deposits received to this account.)

e. Income tax payable f. Mortgage payable g. Prepaid insurance h. Travel expenses i. Retained earnings j. Delivery expense k. Accumulated Amortization Computer Equipment L. Petty cash