Question: Please show work and explain:) Question 1 4 pts Indicate whether each item below is an asset (A), a liability (L) or a part of

Please show work and explain:)

Question 1 4 pts Indicate whether each item below is an asset (A), a liability (L) or a part of stockholder's equity (SE). L Accounts payable L Retained earnings A Inventory A A Accounts receivable Question 2 1 pts If a company reported assets of $23,000 and stockholder's equity of $18,000, what were its liabilities

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