The following transactions are July 2011 activities of Ben's Extreme Bowling Center owned by Ben Baxter, who owns and operates several bowling centers. For each of the following transactions, complete the spreadsheet, indicating the amount and effect (+ for increase and ˆ’ for decrease) of each transaction. Write NE if there is no effect. The first transaction is provided as an example.

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BALANCE SHEET INCOME STATEMENT Owner's Net Assets Liabilities Equity Revenues Expenses Income ransaction a. Collected $12,000 from customers for games +12,000 NE +12,000+12,000 NE +12,000 layed in Jul Billed a customer for $250 for a party held at the center on the last day of July. The bil is to be b. id in August. purchased bowling equipment on account in June leagues advance payments totaling $1,500 for the c. Received $1,000 in July from customers who d. Received from the men's and women's bowling fall season that starts in September.