Question

The following transactions are July activities of Bennett’s Bowling, Inc. Bennett’s collected $13,100 from customers for games played in July. Bennett’s sold bowling merchandise inventory from its pro shop for $7,700; received $4,000 in cash and customers owed the rest on account. [Consider only the effect on revenue here. Do not consider cost of goods sold for this question.] Bennett’s received $1,500 from customers who purchased merchandise in June on account. The men’s and ladies’ bowling leagues gave Bennett’s a deposit of $3,200 for the upcoming fall season. Bennett’s provided to customers bowling merchandise inventory costing Bennett’s $3,090. (Consider only the effect on cost of goods sold [expense] here.) Bennett’s paid $1,500 on the electricity bill for June (recorded as an expense in June). Bennett’s paid $5,300 to employees for work in July. Bennett’s purchased $1,830 in insurance for coverage from August 1 to November 1. Bennett’s paid $1,800 to plumbers for repairing a broken pipe in the restrooms. Bennett's received the July electricity bill for $2,200 to be paid in August. Prepare an unadjusted income statement for Bennett’s Bowling, Inc., for the month of July.

Answer 1

Answer: This is a lot to read , and I dont feel like reading it , plus im in 8th grade I dont understand this tbh :(

Explanation: