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Business, 27.02.2020 22:26 brooke0713

The following transactions are July activities of Craig's Bowling, Inc

a. Craig's collected $13,300 from customers for games played in July.
b. Craig's sold bowling merchandise inventory from its pro shop for $8,000, received $3,600 in cash and customers owed the rest on account. (The cost of goods sold (expected related to these sales is $3,490)
c. Craig's received $2,500 from customers who purchased merchandise in June on the account.
d. The men's and ladies bowling leagues gave Craig's a deposit of $1,900 for the upcoming fall season.
e. Craig's paid $1,800 on the electricity bill for June (recorded as an expense in June).
f. Craig's paid $4,500 to employees for work in July g Craig's purchased $1.800 in insurance 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 )
h. Craig's paid $1,800 to plumbers for repairing a broken pipe in the restrooms.
i. Craig's received the July electricity bill for $2,000 to be paid in August

Prepare an income statement for Craig's Bowling, Inc., for the month of July

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The following transactions are July activities of Craig's Bowling, Inc

a. Craig's collec...
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