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ollowing transactions are July activities of Bennetts Bowling, incorporated. a. Bennett's collected $13,300 from customers for games played in July. b. Bennett's served customers

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ollowing transactions are July activities of Bennetts Bowling, incorporated. a. Bennett's collected $13,300 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $8,600 in cash. c. Bennett's received $1,900 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 $1,600 for the upcoming fall season. e. Bennett's purchased $480 in food supplies for the snack bar; paid $400 in cash and owed the rest on account with the supplier. f. Bennett's paid $1,800 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $4,800 to employees for work in July. h. Bennett's purchased $1,860 in insurance for coverage from August 1 to November 1. i. Bennett's paid $1,300 to plumbers for repairing a broken pipe in the restrooms. j. Bennett's received the July electricity bill for $1,700 to be paid in August. Prepare an unadjusted income statement for Bennett's Bowling, Incorporated, for the month of July. BENNETT'S BOWLING, INCORPORATED Unadjusted Income Statement For the Month of July Revenues: Games revenue Snack bar revenue $ 13,300 8,600 Total revenues 21,900 Expenses: Cost of goods sold Wages expense 4,800 Repairs expense 1,300 Utilities expense 1,800 Total expenses 7,900 Net income $ 14,000

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