For each of the following July 2014 transactions of Bill's Extreme Bowling, Inc., complete the spreadsheet, indicating

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For each of the following July 2014 transactions of Bill's Extreme Bowling, Inc., complete the spreadsheet, indicating the amount and effect (+ for increase and - for decrease) of each transaction under the accrual basis. Write NE if there is no effect. Include revenues as a sub- category of shareholders' equity, as shown for transaction (a), which is provided as an example.

Transaction Shareholders' Equity Games Fee Revenue (+R) + 12,000 Liabilities Assets a. Bill collected $12,000 from custo
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Fundamentals of Financial Accounting

ISBN: 978-1259103292

4th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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