M$3-7($Static$)$ Determining the Accounting Equation Effects of Operating Activities Involving Revenues $[$LO $3-2,$ LO $3-3]$

The following transactions are July activities of Bill's Extreme Bowling, Incorporated, which operates several bowling centers.

Required:

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. For any revenues, include the account name under "Temporary Accounts" and the effect under $"$NI$".$ The first transaction is provided as an example.

Note: Select $"$No Effect" in any column where there is no effect. Indicate $+-$ if the effects offset within a category.

$\backslash$table$[[$Transaction$,$Assets,Liabilities,Stockholders' Equity,Temporary Accounts,NI$],[$a$.$ Bill's collected $$12,000$ from customers for services related to games played in July,$+12,000,$No Effect,No Effect,Service Revenue $(+$R$),+12,000],[$b$.$ Bill's billed a customer for $$250$ for a party held at the center on the last day of July. The bill is to be paid in August.,,,,,$],[$c$.$ The men's and women's bowling leagues gave Bill's advance payments totaling $$1,500$ for the fall season that starts in September,,,,,$],[$d$.$ Bill's received $$1,000$ from credit sales made to customers last month $($in June$),,,,,]]$