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(Solution Download) The following transactions are July 2014 activities of CraigAc??cs Bowling, Inc., which operates


 

 

 

 

 

 

 

The following transactions are July 2014 activities of CraigAc??cs

 

Bowling, Inc., which operates several bowling centers (for games

 

and equipment sales).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

e.

 

CraigAc??cs sold bowling merchandise costing $6,800. [CraigAc??cs sold

 

bowling equipment inventory for $8,000; received $3,000 in cash and

 

the rest on account.]

 

 

f.

CraigAc??cs paid $800 on the

 

electricity bill for June (recorded as expense in June).

 

g.

CraigAc??cs paid $3,500 to employees

 

for work in July.

 

h.

CraigAc??cs purchased $1,500 in

 

insurance for coverage from July 1 to October 1.

 

i.

CraigAc??cs paid $700 to plumbers

 

for repairing a broken pipe in the restrooms.

 

j.

CraigAc??cs received the July

 

electricity bill for $900 to be paid in August.

 

 

 

 

 

 

 

 

If expense is not recognized in July, choose "None.

 

 

 


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