what am i missing? thank you :) The following transactions are July activities...

50.1K

Verified Solution

Question

Accounting

what am i missing? thank you :) image

The following transactions are July activities of Bennett's Bowling, Incorporated. a. Bennett's collected $14,200 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $9,000 in cash. c. Bennett's received $3,000 from customers who purchased merchandise in June from the pro shop on account. d. The men's and ladies' bowling leagues gave Bennett's a deposit of $3,200 for the upcoming fall season. e. Bennett's purchased $380 in food supplies for the snack bar; paid $280 in cash and owed the rest on account with the supplier. f. Bennett's paid $1,800 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $5,200 to employees for work in July. h. Bennett's purchased $1,980 in insurance for coverage from August 1 to November 1. i. Bennett's paid $1,600 to plumbers for repairing a broken pipe in the restrooms. j. Bennett's received the July electricity bill for $2,400 to be paid in August. Prepare an unadjusted income statement for Bennett's Bowling, Incorporated, for the month of July. The following transactions are July activities of Bennett's Bowling, Incorporated. a. Bennett's collected $14,200 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $9,000 in cash. c. Bennett's received $3,000 from customers who purchased merchandise in June from the pro shop on account. d. The men's and ladies' bowling leagues gave Bennett's a deposit of $3,200 for the upcoming fall season. e. Bennett's purchased $380 in food supplies for the snack bar; paid $280 in cash and owed the rest on account with the supplier. f. Bennett's paid $1,800 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $5,200 to employees for work in July. h. Bennett's purchased $1,980 in insurance for coverage from August 1 to November 1. i. Bennett's paid $1,600 to plumbers for repairing a broken pipe in the restrooms. j. Bennett's received the July electricity bill for $2,400 to be paid in August. Prepare an unadjusted income statement for Bennett's Bowling, Incorporated, for the month of July

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students