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Question(s) / Instruction(s):

ACCT2020 The Long Run Golf & Country Club details the following accounts in its financial statements.

(a)          Classify each of the accounts below as an asset, liability, stockholders\' equity, revenue, or expense item.

 (b)         Classify each of the accounts below as a financing activity, investing activity, or operating activity.

 Accounts payable and accrued liabilities              

Accounts receivable      

Property, plant, and equipment               

Food and beverage operations revenue              

Golf course operations revenue              


Long-term debt               

Office and general expense       

Professional fees expense         

Wages and benefits expense    

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