Classify each of the following either as ASSET, LIABILITY, EQUITY, REVENUE, or EXPENSE.
Accounts receivable-
Additional paid-in capital-
Common stock-
Cost of goods sold-
Inventories-
Notes payable-
Sales-
Accounts payable-
Cash-
Furniture-
Accounts receivable-
Additional paid-in capital-
Common stock-
Cost of goods sold-
Inventories-
Notes payable-
Sales-
Accounts payable-
Cash-
Furniture-
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Accounts receivable- Asset
Accounts receivable- AssetAdditional paid-in capital- Equity
Accounts receivable- AssetAdditional paid-in capital- EquityCommon stock- Equity
Accounts receivable- AssetAdditional paid-in capital- EquityCommon stock- EquityCost of goods sold- Expense
Accounts receivable- AssetAdditional paid-in capital- EquityCommon stock- EquityCost of goods sold- ExpenseInventories- Asset
Accounts receivable- AssetAdditional paid-in capital- EquityCommon stock- EquityCost of goods sold- ExpenseInventories- AssetNotes payable- Liability
Accounts receivable- AssetAdditional paid-in capital- EquityCommon stock- EquityCost of goods sold- ExpenseInventories- AssetNotes payable- LiabilitySales- Revenue
Accounts receivable- AssetAdditional paid-in capital- EquityCommon stock- EquityCost of goods sold- ExpenseInventories- AssetNotes payable- LiabilitySales- RevenueAccounts payable- Liability
Accounts receivable- AssetAdditional paid-in capital- EquityCommon stock- EquityCost of goods sold- ExpenseInventories- AssetNotes payable- LiabilitySales- RevenueAccounts payable- LiabilityCash- Asset
Accounts receivable- AssetAdditional paid-in capital- EquityCommon stock- EquityCost of goods sold- ExpenseInventories- AssetNotes payable- LiabilitySales- RevenueAccounts payable- LiabilityCash- AssetFurniture- Asset