The Long Run Golf & Country Club details the following accounts in its financial statements.
(a) (b)
Accounts payable and accrued liabilities _____ _____
Accounts receivable _____ _____
Property, plant, and equipment _____ _____
Food and beverage operations revenue _____ _____
Golf course operations revenue _____ _____
Inventory _____ _____
Long-term debt _____ _____
Office and general expense _____ _____
Professional fees expense _____ _____
Wages and benefits expense _____ _____

Instructions
(a) Classify each of the above accounts as an asset (A), liability (L), stockholders’ equity (SE), revenue (R), or expense (E) item.
(b) Classify each of the above accounts as a financing activity (F), investing activity (I), or operating activity (O). If you believe a particular account doesn’t fit in any of these activities, explain why.