Can anyone help with my trading profit an and balance sheet?

Question

Just wondering where to classify the following:

Refunds

staff training

Research an development

professional subscriptions

plastic bags

equipment

garden furniture

where would they be placed, cost of goods sold, operating expenses, fixed assets, current assets

Answer 1

Refunds - reduce purchases in COGS

staff training - op'g exp.

Research an development - op'g exp.

professional subscriptions - op'g exp.

plastic bags - op'g exp.

equipment - fixed assets

garden furniture - fixed assets if used by the co., current assets (inventory) if for sale