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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). e. Craig?s sold bowling
The following transactions are July 2014 activities of Craig?s Bowling, Inc., which operates several bowling centers (for games and equipment sales). e. Craig?s sold bowling merchandise costing $6,800. [Craig?s sold bowling equipment inventory for $8,000; received $3,000 in cash and the rest on account.] f Craig?s paid $800 on the electricity bill for June (recorded as expense in June). g. Craig?s paid $3,500 to employees for work in July. h. Craig?s purchased $1,500 in insurance for coverage from July 1 to October 1. I. Craig?s paid $700 to plumbers for repairing a broken pipe in the restrooms. j. Craig?s received the July electricity bill for $900 to be paid in August. If expense is not recognized in July, choose ?None
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