The following transactions are July 2011 activities of Ben's Extreme Bowling Center owned by Ben Baxter, who owns and operates several bowling centers. For each of the following transactions, complete the spreadsheet, indicating the amount and effect (+ for increase and ˆ’ for decrease) of each transaction. Write NE if there is no effect. The first transaction is provided as an example.

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BALANCE SHEET INCOME STATEMENT Owner's Net Transaction Assets Liabilities Eqt Revenues Expenses Income e. Paid $1,500 to plumbers for repairing a broken-1,500 NE,500NE 1,500,500 pipe in the restrooms in July f. Paid $2,000 for the June electricity bill (received and recorded as an expense at the end of June) Paid $5,475 to employees for work in July that will be paid in August. h. Received the July electricity bill for $2,500