{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-24T13:06:01-04:00", "answer_date": "2024-05-24 13:06:01", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1630383", "url": "\/study-help\/questions\/the-following-transactions-are-july-activities-of-bennetts-bowling-incorporated-1630383", "question_creation_date_js": "2024-05-24T13:06:01-04:00", "question_creation_date": "May 24, 2024 01:06 PM", "meta_title": "[Solved] The following transactions are July activ | SolutionInn", "meta_description": "Answer of - The following transactions are July activities of Bennett's Bowling, Incorporated. a. Bennett's collected $14,200 from | SolutionInn", "meta_keywords": "transactions,july,activities,bennett,s,bowling,incorporated,collected,$14,200,customers,games,played", "question_title_h1": " The following transactions are July activities of Bennett's Bowling, Incorporated. a. Bennett's collected $14,200 from customers for games played in July. b. Bennett's served", "question_title": " The following transactions are July activities of Bennett's Bowling, Incorporated. a.", "question_title_for_js_snippet": "The following transactions are July activities of Bennett's Bowling, Incorporated a Bennett's collected $14,200 from customers for games played in July b Bennett's served customers food from its snack bar received $7,600 in cash c Bennett's received $3,400 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 $2,000 for the upcoming fall season e Bennett's purchased $380 in food supplies for the snack bar, paid $270 in cash and owed the rest on account with the supplier 1 Bennett's paid $1,100 on the electricity bill for June (recorded as an expense in June) g Bennett's paid $3,700 to employees for work in July h Bennett's purchased $1,590 in insurance for coverage from August 1 to November 1 1 Bennett's paid $1,500 to plumbers for repairing a broken pipe in the restrooms J Bennett's received the July electricity bill for $1,800 to be paid in August Prepare an unadjusted income statement for Bennett's Bowling, Incorporated, for the month of July BENNETT'S BOWLING, INCORPORATED Unadjusted Income Statement For the Month of July Revenues Prepare an unadjusted income statement for Bennett's Bowling, Incorporated, for the month of July BENNETT'S BOWLING, INCORPORATED Unadjusted Income Statement For the Month of July Revenues Total revenues Expenses Total expenses Revenues Accounts payable Accounts receivable Additional paid in capital Advertising expense Revenues Cash Commission expense Common stock Consulting expense Cost of goods sold Equipment Fuel expense Games revenue Insurance expense Interest expense Inventory Land Miscellaneous expenses Notes payable Other assets and intangibles 2 824 Total expenses tv Prepaid expenses Property, plant and equipment Rent expense Rent revenue Repairs expense Retained h Bennett's purchased $1,590 i i Bennett's paid $1,500 to plum j Bennett's received the July ele Prepare an unadjusted income state BENNETT'S BOWLING, INCORPO Unadjusted Income Statemen For the Month of July Revenues Retained earnings Snack bar revenue Supplies Supplies expense Unearned revenue Utilities expense Total expenses dtv Wages expense Wages payable", "question_description": "\"image\"image\"image\"image\"image\"image\"image\"image\"image", "transcribed_text": "The following transactions are July activities of Bennett's Bowling, Incorporated. a. Bennett's collected $14,200 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $7,600 in cash. c. Bennett's received $3,400 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 $2,000 for the upcoming fall season. e. Bennett's purchased $380 in food supplies for the snack bar, paid $270 in cash and owed the rest on account with the supplier. 1. Bennett's paid $1,100 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $3,700 to employees for work in July. h. Bennett's purchased $1,590 in insurance for coverage from August 1 to November 1. 1. Bennett's paid $1,500 to plumbers for repairing a broken pipe in the restrooms. J. Bennett's received the July electricity bill for $1,800 to be paid in August. Prepare an unadjusted income statement for Bennett's Bowling, Incorporated, for the month of July. BENNETT'S BOWLING, INCORPORATED Unadjusted Income Statement For the Month of July Revenues: Prepare an unadjusted income statement for Bennett's Bowling, Incorporated, for the month of July. BENNETT'S BOWLING, INCORPORATED Unadjusted Income Statement For the Month of July Revenues: Total revenues Expenses: Total expenses Revenues: Accounts payable Accounts receivable Additional paid-in-capital Advertising expense Revenues: Cash Commission expense Common stock Consulting expense Cost of goods sold Equipment Fuel expense Games revenue Insurance expense Interest expense Inventory Land Miscellaneous expenses Notes payable Other assets and intangibles 2.824 Total expenses tv Prepaid expenses Property, plant and equipment Rent expense Rent revenue Repairs expense Retained h. Bennett's purchased $1,590 i i. Bennett's paid $1,500 to plum j. Bennett's received the July ele Prepare an unadjusted income state BENNETT'S BOWLING, INCORPO Unadjusted Income Statemen For the Month of July Revenues: Retained earnings Snack bar revenue Supplies Supplies expense Unearned revenue Utilities expense Total expenses dtv Wages expense Wages payable", "related_book": { "title": "Cornerstones of Managerial Accounting", "isbn": "324660138, 978-0324660135", "edition": "3rd Edition", "authors": "Mowen, Hansen, Heitger", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/94.jpg", "uri": "\/textbooks\/cornerstones-of-managerial-accounting-3rd-edition-94", "see_more_uri": "" }, "free_related_book": { "isbn": "978-0471111818", "uri": "\/textbooks\/introduction-to-solid-state-physics-3rd-edition-978-0471111818", "name": "Introduction To Solid State Physics", "edition": "3rd Edition" }, "question_posted": "2024-05-24 13:06:01", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/beverage-wronde-alpine-cupcakes-inc-audit-risk-assessment-memo-audit-107982", "description": "Nancy takes out a 29-year loan of $650,000 today. 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