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M 3 - 3 [ 0 3 - 2 , 3 - 3 Identlfylng Expenses The following transactions are July activities of Bennett's Bowling, Inc.,

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M3-3
[03-2,3-3
Identlfylng Expenses
The following transactions are July activities of Bennett's Bowling, Inc., which operates several bowling centers, offering customers lanes for games, snack bar service, and merchandise for sale from the pro shop. 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.
\table[[Activity,\table[[Expense Account],[Title]],\table[[Amount of],[Expense]]],[\table[[c. Bennett's purchased $680 in food supplies for the snack bar, paid $590 in cash and owed the],[rest on account with the supplier.]],,],[f. Bennett's paid $500 on the electricity brifor June (recorded as an expense in June).,,],[s. Bennett's paid $3,600 to employees for work in July.,,],[h. Bennett's purchased $1,500 in insurance for coverage from August 1 to November 1.,,],[i. Bennett's paid $700 to plumbers for repairing a broken pipe in the restrooms.,,],[j. Bennett's received the July electricity bill for $900 to be paid in August.,,]]
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