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Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 The following transactions are July activities of Bill's Extreme Bowling, Inc., which operates several bowling centers. 1.42 Joints a. Bill's collected $17,000 from customers for services related to games played in July, b. Bill's billed a customer for $450 for a party held at the center on the last day of July. The bill is to be paid in August. c. The men's and women's bowling leagues gave Bill's advance payments totaling $2,800 for the fall season that starts in September. d. Bill's received $1,200 from credit sales made to customers last month (in June). e. Bill's paid $2,300 to plumbers for repairing a broken pipe in the restrooms. 1. Bill's paid $2,800 for the June electricity bill and received the July bill for $3,650, which will be paid in August. g. Bill's paid $5,745 to employees for work in July. Required: 1. Prepare an income statement for Bill's Extreme Bowling, Inc., for the month ended July 31. (This income statement would be considered "preliminary because it uses unadjusted balances.) 2. What is the company's net profit margin, expressed as a percent. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for Bill's Extreme Bowling, Inc., for the month ended July 31. (This income statement would be considered preliminary because it uses unadjusted balances) BILL'S EXTREME BOWLING, INC. Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate come 6 Answer is not complete. Complete this question by entering your answers in the tabs below. 1.42 points Required 1 Required 2 Prepare an income statement for Bill's Extreme Bowling, Inc., for the month ended July 31. (This income statement would be considered preliminary" because it uses unadjusted balances.) BILL'S EXTREME BOWLING, INC. Income Statement For the Month Ended July 31 Revenues Service Revenue $17,450 Total Revenues 17.450 Repairs and Maintenance Expense Salaries and Wages Expense Utilities Expense polo 2,300 5,745 3,650 Total Expenses Net Income 11.695 $ 5,755 Required 1 Required 2 >