The following transactions are July activities of Craig's Bowling, Inc., which operates several bowling centers (for games and equipment sales).

1. Craig's providedto customers bowling merchandise inventory costing Craig's $5,690. [Do not consider sales revenue for this question.]
2. Craig's paid $2,300 on the electricity bill for June (recorded as expense in June).
3. Craig's paid $4,300 to employees for work in July.
4. Craig's purchased $3,300 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.)
5. Craig's paid $2,800 to plumbers for repairing a broken pipe in the restrooms.
6. Craig's received the July electricity bill for $3,300 to be paid in August.

Balance sheet and Income statement needs to be develop.