Classify each of the above items by type of business activity: operating $(O),$ investing $(I),$ or financing $(F).$

Classify accounts.

E$1\mathrm{.}7($LO $2,3),$ C The Bonita Vista Golf & Country Club details the following accounts in its financial statements.

Accounts payable

Accounts receivable

Equipment

Sales revenue

Service revenue

Inventory

Mortgage payable

Supplies expense

Rent expense

Salaries and wages expense