The following transactions are July activities of Craig's Bowling, Inc., which operates several bowling centers (for games
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Activity Expense Account Title and Amount Craig's provided to customers bowling mer- chandise inventory costing Craig's $6,800. (See M3-3b] for the sale related to this use of merchandise) e. f Craig's paid $800 on the electricity bill for g. Craig's paid $3,500 to employees for work in h. Craig's purchased S1,500 in insurance for June (recorded as an expense in June). July coverage from July 1 to October 1. (Part is an expense for July and part is a prepaid expense to be used in future months.) i. Craig's paid S700 to plumbers for repairing a broken pipe in the restrooms. j. Craig's received the July electricity bill for $900 to be paid in August.
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Related Book For
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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