help please with

m3-3

m3-4

m3-5

m3-6

super confused

Customer deposits Expenses Inventory purchases Wages paid Cost of sales Wages expense Utilities expense Net income Net income M3-3 LO3-2, 3-3 Identifying Revenues The following transactions are July activities of Craig's Bowling, Inc., which operates several bowling centers (for games and equipment sales). If revenue is to be recognized in July, indicate the reven account title and amount. If revenue is not to be recognized in July, explain why. CHAPTER 3 Operating Decisions and the Accounting Systen Activity la Craig's collected $15.000 from customers for Revenue Account Title and Amount games played in July. Craig's sold bowling merchandise inventory from its pro shop for $8,000; received $3,000 in cash and customers owed the rest on account. (See M3-4[e] for the cost of goods old (expense] related to these sales Craig's received $4,000 from customers who purchased merchandise in June on account. d. The men's and ladies' bowling leagues gave Craig's a deposit of $2,500 for the upcoming fall season. Identifying Expenses The following transactions are July activities of Craig's Bowling, Inc., which operates several bowling centers (for games and equipment sales). If expense is to be recognized in July, indicate the expense account title and amount. If expense is not to be recognized in July, explain why. M3-4 LO3-2, 3-3 Activity Expense Account Title and Amount . Craig's provided to customers bowling mer- chandise inventory costing Craig's $6,800, (Sec M3-3[b] for the sale related to this use of merchandise). E Craig's paid $800 on the electricity bill for June (recorded as an expense in June). g. Craig's paid $3,500 to employees for work in July. A Craig's purchased $1,500 in insurance for coverage from July 1 to October 1. (Part is an expense for July and part is a prepaid expense to be used in future months.) i Craig's paid $700 to plumbers for repairing a broken pipe in the restrooms. i Craig's received the July electricity bill for $900 to be paid in August. M3-5 LO3-4 Recording Revenues For each of the transactions in M3-3, write the journal entry in good form. M3-G LO3-4 Recording Expenses M3- LO3 termining the Financial Statement Effects of Operating Activities Involving Revenues Lom July activities of Craig's Bowling, Inc., which operates several bowling For cach of the transactions in M3-4, write the journal entry in good form. laning transactions, complete the tabulation, bs that