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

Transcribed Image Text:

Activity Amount or Explanation a. Bil's collected $12,000 from customers for services related to games played in Juy b. Bil's billed a customer for $250 for a party held at the center on the last day of July. The bill is to be paid in August. c. The men's and women's bowling leagues gave Bills advance payments totaling $1.500 for the fall season that starts in September d. Bills received $1,000 from credit sales made to customers last month (in June).