Question: Classify the items listed (1 to 6) under the following balance sheet headings: A - Assets L - Liabilities SE - Shareholders equity 1. .......

Classify the items listed (1 to 6) under the following balance sheet headings:
A - Assets
L - Liabilities
SE - Shareholders’ equity
1. ....... Cash
2. ....... Common stock
3. ....... Equipment
4. ....... Notes payable
5. ....... Retained earnings
6. ....... Accounts receivable

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