Given the transactions in M3-6 [including transaction (a)], prepare an income statement for Bill's Extreme Bowling, Inc., for the month ended July 31, 2014. (This income statement would be considered "preliminary" because it uses unadjusted balances.)
Given Data in M3-6,

Transaction Shareholders' Equity Games Fee Revenue (+R) + 12,000 Liabilities Assets a. Bill collected $12,000 from customers for games played in July. b. Bill invoiced a customer for $250 for a party held at the centre on the last day of July. The bill is to be paid in August. Bill received $1,000 from credit sales made to customers last month (in June). d. The men's and women's bowling leagues gave Bill advance payments totalling $1,500 for the fall season that starts in September. e. Bill paid $1,500 to plumbers for repairing a broken pipe in the restrooms. f. Bill paid $2,000 for the June electricity bill and received the July bill for $2,500, which will be paid in August. g. Bill paid $5,475 to employees for work in July. +12,000 NE C.