The Long Run Golf & Country Club details the following accounts in its financial statements.

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                      _____           _____ 

Required:

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.