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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 e
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 e Bennett's provided to customers bowling merchandise Inventory costing Bennett's $3,090. [Consider only the effect on cost of goods sold (expense) here. Do not consider sales revenue for this question) 1. Bennett's paid $1.200 on the electricity bill for June (recorded as an expense in June) g. Bennett's paid $4,200 to employees for work in July h. Bennett's purchased $1,680 in insurance for coverage from August 1 to November 1 Bennett's paid $1.600 to plumbers for repairing a broken pipe in the restrooms. 1. Bennett's received the July electricity bili for $2,500 to be paid in August Prepare the journal entry for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 3 Bennett's provided to customers bowling merchandise inventory costing Bennett's $3,090. [Consider only the effect on cost of goods sold (expense) here. Do not consider sales revenue for this question 1 Notente debit before credit Journal entry worksheet 1 2 3 4 5 6 > Bennett's provided to customers bowling merchandise inventory costing Bennett's $3,090. [Consider only the effect on cost of goods sold [expense) here. Do not consider sales revenue for this question.] Note: Enter debits before credits. Transaction General Journal Debit Credit e Record entry Clear entry View general journal Journal entry worksheet > 6 Bennett's paid $4,200 to employees for work in July. Note: Enter debits before credits. Transaction General Journal Debit Credit g Record entry Clear entry View general Journal Journal entry worksheet > 1 2 3 6 Bennett's purchased $1,680 in insurance for coverage from August 1 to November 1. Note: Enter debits before credits. Transaction General Journal Debit Credit h Record entry Clear entry View general journal Journal entry worksheet 1 2. 3 4 Bennett's paid $1,600 to plumbers for repairing a broken pipe in the restrooms. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet
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