The following transactions are July 2014 activities of Craigs Bowling, Inc., which operates several bowling centers (for
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Activity Revenue Account Title and Amo Craig's collected S15,000 from customers for games played in July a. b. Craig's sold bowling equipment inventory for $8,000; received $3,000 in cash and the rest on account. [The cost of goods sold (expense) related to these sales is in M3-4e.] Craig's received $4,000 from customers on account who purchased merchandise in June. c. d. The men's and ladies' bowling leagues gave Craig's a deposit of S2,500 for the upcoming fall season.
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Related Book For
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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