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The following transactions are July 2014 activities of Craig?s Bowling, Inc., which operates several bowling centers (for games and equipment sales). a. Craig?s collected $15,000

The following transactions are July 2014 activities of Craig?s Bowling, Inc., which operates several bowling centers (for games and equipment sales).

a. Craig?s collected $15,000 from customers for games played in July.
b.

Craig?s sold bowling equipment inventory for $8,000; received $3,000 in cash and the rest on account. [Do not consider cost of goods sold for this question.]

c. Craig?s received $4,000 from customers on account who purchased merchandise in June.
d. The men?s and ladies? bowling leagues gave Craig?s a deposit of $2,500 for the upcoming fall season.

For each of the following transactions, complete the tabulation, indicating the amount and net effect (+ for increase and ? for decrease) of each transaction. (Remember that A = L + SE, R ? E = NI, and NI affects SE through Retained Earnings.) The first transaction is provided as an example.

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The following transactions are July 2014 activities of Craig½s Bowling, Inc., which operates several bowling centers (for games and equipment sales).a. Craig½s collected $15,000 from customers for games played in July. b. Craig½s sold bowling equipment inventory for $8,000; received $3,000 in cash and the rest on account. [Do not consider cost of goods sold for this question.] c. Craig½s received $4,000 from customers on account who purchased merchandise in June. d. The men½s and ladies½ bowling leagues gave Craig½s a deposit of $2,500 for the upcoming fall season.For each of the following transactions, complete the tabulation, indicating the amount and net effect (+ for increase and ? for decrease) of each transaction. (Remember that A = L + SE, R ? E = NI, and NI affects SE through Retained Earnings.) The first transaction is provided as an example

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