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The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several bowiling centers, offering customers lanes for games, snack bar service, and merchandise
The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several bowiling centers, offering customers lanes for games, snack bar service, and merchandise for sale from the pro shop. a. Bennett's collected $13,800 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $3,200 in cash. c. Bennett's recelved $2,900 from customers who purchased merchandise from the pro shop in June on account. d. The men's and ladies' bowllng leagues gave Bennett's a deposit of $2,500 for the upcoming fall season. Prepare the journal entry for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. urnal entry worksheet Bennett's se Enter debi Cash Commission expense Common stock Consulting expense Cost of goods sold Equipment Fuel expense Games revenue Insurance expense Interest expense Interest revenue Inventory Land Miscellaneous expenses Notes payable Other assets and intangibles Prepaid expenses Property, plant and equipment Rent expense Rent revenue Accounts receivable Repairs expense Retained earnings Snack bar revenue Supplies Supplies expense Supplies expense Unearned revenue Utilities expense Wages expense Wages payable
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