need help with all 3 of these questions please!!!
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. 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. 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. Activity Expense Account Title Amount of Expense e. t 9. h. L } Match each definition with its related term by selecting the appropriate term in the dropdown provided. There should be only one definition per term (that is, there are more definitions than terms). Note: Select "None of these are correct" if there is no Term for the "Definition". Term Definition A. Record revenues when earned and measurable (when the company transfers promised goods or services to customers, it should record the amount it expects to be entitled to receive) Revenues 8. The time it takes to purchase goods or services from suppliers, sell goods or services to customers, and collect cash from customers. Operating cycle C. Record expenses when incurred in earning revenue. None of these are correct D. The costs of operating the business that are incurred to generate revenues during the period. E. Report the long life of a company in shorter time periods. F. The amounts eamed and recorded from a company's day-to-day business activities, mostly when i a company sells products or provides services to customers or clients. G. Result primarily from the disposal of assets for less than their cost minus the amount of cost depreciated in the past. 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 $800 in cash. c. Bennett's received $400 from customers who purchased merchandise from the pro shop in June on account. d. The men's and ladies' bowling leagues gave Bennett's a deposit of $2,500 for the upcoming fall season. If revenue is not recognized in July, choose 'None' for the account affected. If revenue is to be recognized in July, indicate the revenue account title and amount. Activity Revenue Account Title Amount of Revenue b. C d
