M$3-4$

Identifying Expenses

$02,3$

The following transactions are Jely $2011$ 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 eypense is not to be recognized in July, explain why.

$\backslash$table$[[$Activity$,$Expense Account Title and Amount$],[$e$.$ Craig's sold bowling merchaslive costing $$3,890.,],[[$The sale related to the use of this merchandise is in$,],[$M$3-3$he$],]]$

h$.$ Craig's purchased $$1,800$ in insurance for coverage from July $1$ to October $1.$

i$.$ Craig's paid $$1,400$ to plumbers for repairing a broken pipe in the restrooms.

j$.$ Craig's received the July electricity bill for $$2,600$ to be paid in August.