The following transactions are July 2011 activities of Bobs Bowling, Inc., which operates several bowling centers (for
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Activity Revenue Account Title and Amount a. Bob's collected S11,000 from customers for games played in July. b. Bob's sold bowling equipment inventory for $6,000; received $4,000 in cash and the rest on account. IThe cost of goods sold (expense) re- lated to these sales is in M3-4e.l c. Bob's received $1.500 from customers on ac- count who purchased merchandise in June. d. The men's and ladies' bowling leagues gave Bob's a depost of $1,600 for the upcoming fall season.
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