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a. Bennett's collected $14,200 from customers for games played in July. b. Bennett's served customers food from its snack bar, received $8,300 in cash.
a. Bennett's collected $14,200 from customers for games played in July. b. Bennett's served customers food from its snack bar, received $8,300 in cash. c. Bennett's received $1,800 from customers who purchased merchandise in June from the pro shop on account. d. The men's and ladies' bowling leagues gave Bennett's a deposit of $2,300 for the upcoming fall season. e. Bennett's purchased $780 in food supplies for the snack bar; paid $670 in cash and owed the rest on account with the supplier. f. Bennett's paid $1,300 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $4,500 to employees for work in July. h. Bennett's purchased $1,980 in insurance for coverage from August 1 to November 1. 1. Bennett's paid $1,000 to plumbers for repairing a broken pipe in the restrooms. J. Bennett's received the July electricity bill for $1,600 to be paid in August. Prepare an unadjusted income statement for Bennett's Bowling, Incorporated, for the month of July. BENNETT'S BOWLING, INCORPORATED Unadjusted Income Statement For the Month of July Revenues: Total revenues Expenses: Total expenses 0
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