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M3-6 (Algo) Recording Accrual Basis Expenses [LO 3-3] The following transactions are July activities of Bill's Extreme Bowling, Incorporated, which operates several bowling centers.
M3-6 (Algo) Recording Accrual Basis Expenses [LO 3-3] The following transactions are July activities of Bill's Extreme Bowling, Incorporated, which operates several bowling centers. a. Bill's paid $2,600 to plumbers for repairing a broken pipe in the restrooms. b. Bill's paid $3,250 for the June electricity bill and received the July bill for $4,450, which will be paid in August. c. Bill's paid $5,755 to employees for work in July. Required: Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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