Consider Walmart, a large retailer. Classify the following items as an asset (A), a liability (L), or stockholders' equity (S) for Walmart:
a. _____ Accounts receivable
b. _____ Long-term debt
c. _____ Merchandise inventory
d. _____ Prepaid expenses
e. _____ Accrued expenses payable
f. _____ Equipment
g. _____ Notes payable
h. _____ Retained earnings
i. _____ Land
j. _____ Accounts payable
k. _____ Common stock
l. _____ Supplies