ACCOUNTING.. really prompt cross-examine =================?

Can you build sure that the vocabulary are matched correctly to the section of the accounting equation (assets, liability, equity)?

I would REALLY appreciate it.

Contributed Capital --- equity
Distributions --- equity
Purchases --- assets
Retained Earnings --- equity
Freight-In --- assets
Sales --- assets

Answers:
I agree next to Richie M that sale will find their approach to equity via the income summary, but purchases and freight-in can be included in culmination inventory except sold and if so, would be assets cos inventory is assets. They're simply equity if you assume that adjectives purchases own be sold and thus become cost of stuff sold.
Purchases, Freight in and Sales accounts are income statement accounts. They will be closed to Income Summary account which is closed to Retained Earnings account at the running out of the time of year.

Therefore, Purchases, Freight contained by and Sales accounts should also be classified as equity accounts.

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