1. The following transactions are July activities of Donkey's Extreme Gama, Inc., which operates several fun centers. For each of the following transactions, complete the specalsheet indicating the effect (+ for increase and for decrease), amount, and account name of each transaction under the accrual basis. Write "NE" if there is no effect on the category. Indicate +- if the effects offset within a category Stockholder's Transaction Assets Liabilities Equity a. Donkey's collected $12,000 +12,000 NE +12,000 Rev from customers for services Cash related to games played in July. b. Donkey billed a customer for $250 for a party held at the center on the last day of July. Donkey is to be paid in August c. The men's and women's bowling leagues gave Donkey advance payments totaling $1,500 for the fall season that starts in September d. Donkey received $1,000 from credit sales made to customers last month in June). e. Donkey paid $1,500 to plumbers for repairing a broken pipe in the restrooms [ Donkey paid $2.000 for the June electricity and received the July electricity bill for $2.500, which will be paid in August, g Donkey paid $5,475 employees for work in July to Name: 2.. .. Prepare journal entries to record the transactions, assuming Donkey's Retail Store was perpetual inventory system. b. Determine net sales Nov. 20 Sold two items of merchandise to Sherry, who paid the $400 sales price in cash The roodscos Donkey's $200 28 Sold 10 identical items of merchandise to DRV's Gym at a selling price of $6,000 to a Da terms 3/10.220. The goods costs Donkey's $4.000 29 DRV's Gym retumed one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer Dec. 6 DRV's Gym paid the account balance in full Debit Credit Effect Net Sales Name 3. The following item from the monthly sed trial balance prepared as of December 31, 2021. Al com have borrabances. Prepare a detailed Income Statement, Statement of Retained Ramin ad Balance Sheet in proper order and properly labeled using the below tables for Donkey Corp 520.000 Co Stock S16000 Sales $110.000 Uncarne Revene $10.000 Acrowded Depredation $10.000 Cast Goods Sold S60,000 G 560.000 Dhe $10.000 Acts Reserve SI5.000 Sales Discount $10,000 Equipment $30.000 Prepaid Rent $5.000 Beglang Ratud Earning $50,000