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The following transactions are July activities of Bennett's Bowling, Incorporated. For the transactions below, indicate how the transactions will affect the statement of cash flows.
The following transactions are July activities of Bennett's Bowling, Incorporated. For the transactions below, indicate how the transactions will affect the statement of cash flows. Note: Cash outflows should be entered as negative amounts. If there is no effect on the statement of cash flows, select "No effect". Transaction a. Bennett's collected $15,000 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $800 in cash. c. Bennett's received $400 from customers who purchased merchandise in June from the pro shop on account d. The men's and ladies' bowling leagues gave Bennett's a deposit of $2,500 for the upcoming fall season. e. Bennett's purchased $680 in food supplies for the snack bar, paid $590 in cash and owed the rest on account with the supplier. f. Bennett's paid $500 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $3,600 to employees for work in July. h. Bennett's purchased $1,500 in insurance for coverage from August 1 to November 1. Bennett's paid $700 to plumbers for repairing a broken pipe in the restrooms. j- Bennett's received the July electricity bill for $900 to be paid in August. Type of Activity Effect on Cash Flow
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