The following transactions are July 2011 activities of Bobs Bowling, Inc., which operates several bowling centers (for
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BALANCE SHEET INCOMME STATEMENT Liabil- holders Net Assets sEquity Revenues ExsIncome +11,000 Bob's collected $11,000 from cus- tomers for games played in July a. | NE | +11.000| +11.000| NE b. Bob's sold $6,000 in bowling equip ment inventory: received $4,000 in cash and the rest on account. (The cost of goods sold (expense) related to these sales is in M3-8e.) Bob's received S1,500 from cus- tomers on account who purchased merchandise in June c. d. The men's and ladies' bowling leagues gave Bob's a deposit of $1,600 for the upcoming fall
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