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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. a.

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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. a. Bennett's collected $30,000 from customers for games played in July b. Bennett's sold bowling merchandise inventory from its pro shop for $7.600; received $4.400 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 $3,800 for the upcoming fall season. For each of the above transactions, complete the tabulation, indicating the amount of each transaction. (Remember that A = L + SER- E-N and Nl 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.) Balance Sheet Liabilities Income Statement Expenses Assets Revenues Stockholders' Equity 30.000 Net Income a 30.000 30,000 30,000 b

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