NEED MORE EXPLAINATION PLEASE!!! ANY ONE PLEASE HELP. The following transactions are July 2014 activities of Craigs Bowling, Inc.

a.	Craigs collected $15,000 from customers for games played in July.
b.	Craigs sold bowling equipment inventory for $8,000; received $3,000 in cash and the rest on account.
c.	Craigs received $4,000 from customers on account who purchased merchandise in June.
d.	The mens and ladies bowling leagues gave Craigs a deposit of $2,500 for the upcoming fall season.
e.	Craigs sold bowling merchandise costing $6,800.
f.	Craigs paid $800 on the electricity bill for June (recorded as expense in June).
g.	Craigs paid $3,500 to employees for work in July.
h.	Craigs purchased $1,500 in insurance for coverage from July 1 to October 1.
i.	Craigs paid $700 to plumbers for repairing a broken pipe in the restrooms.
j.	Craigs received the July electricity bill for $900 to be paid in August.

Prepare an income statement for Craigs Bowling, Inc., for the month of July 2014.

NEED MORE EXPLAINATION PLEASE!!! ANY ONE PLEASE HELP.The following transactions are July 2014 activities of Craigi 1/2 s Bowling, Inc.a. Craigi 1/2 s collected $15,000 from customers for games played in July. b. Craigi 1/2 s sold bowling equipment inventory for $8,000; received $3,000 in cash and the rest on account. c. Craigi 1/2 s received $4,000 from customers on account who purchased merchandise in June. d. The meni 1/2 s and ladies½ bowling leagues gave Craigi 1/2 s a deposit of $2,500 for the upcoming fall season. e. Craigi 1/2 s sold bowling merchandise costing $6,800. f. Craigi 1/2 s paid $800 on the electricity bill for June (recorded as expense in June). g. Craigi 1/2 s paid $3,500 to employees for work in July. h. Craigi 1/2 s purchased $1,500 in insurance for coverage from July 1 to October 1. i. Craigi 1/2 s paid $700 to plumbers for repairing a broken pipe in the restrooms. j. Craigi 1/2 s received the July electricity bill for $900 to be paid in August. Prepare an income statement for Craigi 1/2 s Bowling, Inc., for the month of July 2014