Indicate Which of These Items Is an Asset (A) Liability $\underline{\quad\quad}$

Essay

Indicate which of these items is an asset (A) liability (L) or owner's equity (OE) account. $\underline{\quad\quad}$ (1) Supplies
$\underline{\quad\quad}$ (2) Owner's Drawings
$\underline{\quad\quad}$ (3) Buildings
$\underline{\quad\quad}$ (4) Notes Payable
$\underline{\quad\quad}$ (5) Salaries and Wages Payable