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The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several bowing conters, offering customers lanes for games, snack bar service, and merchandise

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The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several bowing conters, offering customers lanes for games, snack bar service, and merchandise for sale from the pro shop. e. Bennett's purchased $880 in food supplies for the snack bar; paid $790 in cash and owed the rest on account with the supplier. f. Bennett's paid $2,600 on the electricity bill for June (recorded as an expense in June). 9. Bennett's paid $2,900 to employees for work in July. h. Bennett's purchased $2,400 in insurance for coverage from August 1 to November 1. i. Bennett's paid $1,600 to plumbers for repairing a broken pipe in the restrooms. 1. Bennett's received the July electricity bill for $2,900 to be pald in August. For each of the above transactions, complete the tabulation, indicating the amount and effect of each transaction, (Remember that Assets = Liabilities + Stockholders' Equity; Revenues - Exponses = Net Income; and Net income affects Stockholders' Equity through Retained Earnings.) The first transoction is provided as an example. Note: Reductions in account balances and loss amounts should be indicated with a minus sign

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