The following transactions are July 2014 activities of Bill's Extreme Bowling, Inc., which operates several bowling centres. If revenue is to be recognized in July, indicate the amount. If revenue is not to be recognized in July, explain why.

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Amount or Explanation Activity a. Bill collected $12,000 from customers for services related to games played in July. b. Bill invoiced a customer for $250 for a party held at the centre 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 advance payments totalling $1,500 for the fall season that starts in September. d. Bill received $1,000 from credit sales made to customers last month (in June).