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The following transactions are July activities of Craig's Bowling, Inc., which operates several bowling centers (for games and equipment sales). a. Craig's collected $15,000 from
The following transactions are July activities of Craig's Bowling, Inc., which operates several bowling centers (for games and equipment sales). a. Craig's collected $15,000 from customers for games played in July. b. Craig's sold bowling merchandise inventory from its pro shop for $8,000; received $3,000 in cash and customers owed the rest on account. c. Craig's received $4,000 from customers who purchased merchandise in June on account. d. The men's and ladies' bowling leagues gave Craig's a deposit of $2,500 for the upcoming fall season. If revenue is not recognized in July, choose 'None' for the account and enter $0 for the amount. If revenue is to be recognized in July, indicate the revenue account title and amount Revenue Account Affected Amount of Revenue S 15,000 a. Games revenue b. Equipment sales revenue C. d. 8,000
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