The Fair View Golf & Country Club details the following accounts in its financial statements.

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, explainwhy.

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(b) (a) Accounts payable Accounts receivable Equipment Sales revenue Service revenue Inventory Mortgage payable Supplies expense Rent expense Salaries and wages expense