The clear view golf country club details the

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The Clear View Golf & Country Club details the following accounts in its financial statements.(a) Classify each of the following accounts as an asset, liability, stockholders’ equity, revenue, or expen(b) Classify each of the following accounts as a financing activity, investing activity, or operating activit(a)(b)Accounts PayableLiabilityOperating ActivityAccounts ReceivableAssetOperating ActivityEquipmentAssetInvesting ActivitySales RevenueRevenueOperating ActivityService RevenueRevenueOperating ActivityInventoryAssetOperating ActivityMortgage PayableLiabilityFinancing ActivitySupplies RevenueExpenseOperating ActivityRent ExpenseExpenseOperating ActivitySalaries and WagesExpenseOperating Activity
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Exercise 1-4This information relates to Molina Co. for the year 2014.Retained earnings, January 1, 2014$92,279 Advertising expense2,479Dividends8,264Rent expense14,324Service revenue79,883Utilities expense3,306Salaries and wages expense41,319Molina Co.Income StatementFor the year ended December 31,2014RevenueService Revenue79,883ExpensesRent Expense14,324Advertising Expense2,479Utilities Expense3,306Salaries and Wages Expense41,319Total Expenses 61,428Net Income / (Loss)18,455Molina Co.retained Earnings StatementFor the year ended December 31,2014Balnces as, January 1$92,279 Add: Net Income$ 18,455.00 $ 110,734.00 Less: Dividends$ 8,264.00 Retained Earnings$ 102,470.00

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