The following transactions are July activities of Bennett’s Bowling, Inc., which operates several bowling centers, offering customers lanes for games, snack bar service, and merchandise for sale from the pro shop. For each of the following transactions, complete the tabulation, indicating the amount and effect (+ for increase and − for decrease) of each transaction. (Remember that A = L + SE; R − E = NI; and NI affects SE through Retained Earnings.) Write NE if there is no effect. The first transaction is provided as an example.

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Transaction a. Bennett's collected $15,000 from customers for games played in July. b. Bennett's served custom- ers food from its snack bar; received $800 in cash. c. Bennett's received $400 from customers who purchased merchandise in June from the pro shop on account. d. The men's and ladies' bowl- ing leagues gave Bennett's a deposit of $2,500 for the upcoming fall season. BALANCE SHEET Stockholders' Assets Liabilities Equity +15,000 NE +15,000 INCOME STATEMENT Net Revenues Expenses Income +15,000 NE +15,000