M3-6 (Algo) Determining the Financial Statement Effects of Operating Activities Involving Revenues LO3-4 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. a. Bennett's collected $15,000 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $7,700 in cash. c. Bennett's received $3,000 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 $3,000 for the upcoming fall season. For each of the above transactions, complete the tabulation, indicating the amount of each transaction. (Remember that Assets Liabilities + Stockholders' Equity; Revenues-Expenses Net Income; and Net Income affects Stockholders' Equity through Retained Earnings.) The first transaction is provided as an example. Note: Reductions in account balances and loss amounts should be indicated with a minus sign. Balance Sheet Income Statement Transaction Assets Liabilities Stockholders' Equity Revenues Expenses Net Income a. 15,000 15,000 15,000 15,000 b. C. d.