1 M3-8 Determining the Accounting Equation Effects of Operating Activities involving Expenses [LO 3-2, LO 3-3] 6.2 points Skipped The following transactions are July activities of Bill's Extreme Bowling, Inc., which operates several bowling centers. For each of the following transactions, complete the spreadsheet, indicating the amount and effect (+ for increase and for decrease) of each transaction under the accrual basis. The first transaction is provided as an example. (Select "NE" if there is no effect on the category. Indicate +/- if the effects offset within a category.) Assets Liabilities Stockholders' Equity eBook Transaction Bill's paid $2,600 to plumbers for repairing a broken pipe in the restrooms. a. -2,600 NE Repairs and Maintenance Expense (+E) -2,600 b. Print Bill's paid $3,250 for the June electricity bill and received the July bill for $4,450, which will be paid in August. c. Bill's paid $5,755 to employees for work in July. References