The following transactions are July 2004 activities of Bob's Bowling, Inc., which operates several bowling centers (for games and equipment sales). If revenue is to be recognized in July, indicate the revenue account title and amount. If revenue is not to be recognized in July, explain why.LO1

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Activity a. Bob's collected $10,000 from customers for games played in July. b. Bob's sold bowling equipment inventory for $5,000; received $3,000 in cash and the rest on account. [Ignore inventory cost.] c. Bob's received $1,000 from customers on account who purchased merchandise in June. d. The men's and ladies' bowling leagues gave Bob's a deposit of $1,500 for the upcoming fall season. Revenue Account Title and Amount