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kendallreed39
kendallreed39
04.10.2019 • 
Business

The following transactions are july activities of craig’s bowling, inc., which operates several bowling centers (for games and equipment sales). craig's provided to customers bowling merchandise inventory costing craig's $4,190. [do not consider sales revenue for this question.] craig’s paid $1,800 on the electricity bill for june (recorded as expense in june). craig’s paid $4,700 to employees for work in july. craig’s purchased $1,530 in insurance for 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.) craig’s paid $1,800 to plumbers for repairing a broken pipe in the restrooms. craig’s received the july electricity bill for $2,700 to be paid in august. prepare the journal entry for the above transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

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