Question
M3-3 (Static) Identifying Expenses LO3-2, 3-3 1.37 points eBook Print References The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several
M3-3 (Static) Identifying Expenses LO3-2, 3-3 1.37 points eBook Print References The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several bowling centers, offering customers lanes for games, snack bar service, and merchandise for sale from the pro shop. e. 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 bill for June (recorded as an expense in June). g. 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. 1. 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. If expenses are not recognized in July, choose 'None' for the account affected. If expense is to be recognized in July, indicate the expense account title and amount.
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