For Each of the Following Accounts,indicate Whether the Account Is

For each of the following accounts,indicate whether the account is an asset (A),liability (L),or stockholders' equity (SE)and whether the account usually has a debit (Dr)or credit (Cr)balance. $\begin{array}{l}\begin{array}{l}\text { 1. Inventory } \\\text { 2. Accounts receivable } \\\text { 3. Contributed Capital } \\\text { 4. Prepaid expenses } \\\text { 5. Wages payable } \\\text { 6. Property and equipment } \\\text { 7. Retained Earnings } \\\text { 8. Accounts payable }\end{array}\begin{array}{rl}\mathrm{SE}, \mathrm{Cr} & 7 \\\mathrm{A}, \mathrm{Dr} & 1 \\\mathrm{SE}, \mathrm{Cr} &3 \\\mathrm{~L}, \mathrm{Cr} & 8 \\\mathrm{~A}, \mathrm{Dr} & 2 \\\mathrm{~A}, \mathrm{Dr} & 6 \\\mathrm{~L}, \mathrm{Cr} & 5 \\\mathrm{~A}, \mathrm{Dr} & 4\end{array}\end{array}$