For each of the transactions in M3-4, write the journal entry in good form.

M3-4

Craig's Bowling Inc. operates several bowling centres (for games and equipment sales). The following transactions occurred in November 2017. If expense is to be recognized in November, indicate the account title and amount of expense. If expense is not to be recognized in November, explain why.

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Activity a. Craig's sold bowling merchandise costing $6,800. b. Craig's paid $800 on the electricity bill for October (recorded as expense in October). c. Craig's paid $3,500 to employees for work in Account Title and Amount of Revenue November. d. Craig's purchased $1,500 in insurance for coverage from October 1 to December 31. e. Craig's paid $700 to plumbers for repairing a broken pipe in the restrooms. f. Craig's received the November electricity bill for $900 to be paid in December.