The following transactions are July activities of Bill€™s Extreme Bowling, Inc., which operates several bowling centers. For each of the following transactions, 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 on the category. Indicate +/€“ if the effects offset within a category. Include expenses as a subcategory of stockholders€™ equity, as shown for the first transaction, which is provided as an example.

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Transaction Assets Libilities Stockholders Equity a. Bil's paid $1.500 to plumbers for repairing a broken -1,500 NE Repairs Expense (+E-1.500 pipe in the restrooms. b. Bil's paid $2,000 for the June electricity bili and received the July bill for $2.500, which will be paid in August. c. Bill's paid$5,475 to employees for work in July.