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M3-7 (Algo) Determining the Financial Statement Effects of Operating Activities involving Revenues LO3-4 10 points The following transactions are July activities of Bennett's Bowling, Inc., which operates several bowling centers, offering customers lanes for games and merchandise for sale. eBook a. Bennett's collected $19,000 from customers for games played in July. b. Bennett's sold bowling merchandise inventory from its pro shop for $8,100; received $4,900 in cash and customers owed the rest on account. [Consider only the effect on revenue here. Do not consider cost of goods sold for this question.] c. Bennett's received $3,700 from customers who purchased merchandise in June on account. d. The men's and ladies' bowling leagues gave Bennett's a deposit of $2,800 for the upcoming fall season. Print For each of the above transactions, complete the tabulation, indicating the amount of each transaction. Remember that A = L + SE; R- E = Nl; and NI affects SE through Retained Earnings.) The first transaction is provided as an example. (Reductions in account balances and loss amount should be indicated with a minus sign.) References Balance Sheet Income Statement Assets Liabilities Revenues Expenses Net Income Stockholders' Equity 19,000 19,000 19,000 19,000