Question: What is considered Assets, Liabilities and owner equity? I cannot get them in the correct sections Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance

What is considered Assets, Liabilities and owner equity? I cannot get them in the correct sections

Cash

Baking Supplies

Merchandise Inventory

Prepaid Rent

Prepaid Insurance

Baking Equipment

Misc. Supplies

Notes Payable

Accounts Payable

Wages Payable

Common Stock

Dividends

Bakery Revenues

Merchandise Sales

Baking Supplies Expense

Rent Expense

Insurance Expense

Misc. Expense

Business License Expense

Advertising Expense

Wages Expense

Telephone Expense

COGS

Depreciation Expense

Accumulated Depreciation

Misc Supplies Expense*

Interest Expense*

Interest Payable*

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