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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) Craig's provided to customers

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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) Craig's provided to customers bowling merchandise inventory costing Craig's $4,500. [Do not consider sales revenue for this question] f. Craig's paid $3,700 on the electricity bill for June (recorded as expense in June). g. Craig's paid $3,000 to employees for work in July. h. Craig's purchased $2,700 in insurance for coverage from July 1 to October 1. (Part is an expense for July and part is a prepaid expense to be used in future months) 1. Craig's paid $1,700 to plumbers for repairing a broken pipe in the restrooms j. Craig's received the July electricity bill for $3.100 to be paid in August. For each of the above transactions, complete the tabulation, indicating the amount and net effect (+ for increase and-for decrease) of each transaction (Remember that AL SER-EN, and N affects SE through Retained Earings.) The first transaction is provided as an example. Ansels 1110LL 4.500 Balance Sheet Income Statement Liabilities Stockholders Equity Revenues Expenses 4,500 4,500 Net Income 4500

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