Question

The following transactions are July 2014 activities of Craig’sBowling, Inc., which operates several bowling centers (for gamesand equipment sales).

e.	Craig’s sold bowling merchandisecosting $6,800. [Do not consider sales revenue for thisquestion.]
f.	Craig’s paid $800 on theelectricity bill for June (recorded as expense in June).
g.	Craig’s paid $3,500 to employeesfor work in July.
h.	Craig’s purchased $1,500 ininsurance for coverage from July 1 to October 1. Assume that thepurchase of the insurance has already been recorded.
i.	Craig’s paid $700 to plumbersfor repairing a broken pipe in the restrooms.
j.	Craig’s received the Julyelectricity bill for $900 to be paid in August.

For each of the following transactions, complete the tabulation,indicating the amount and net effect (+ for increase and − fordecrease) of each transaction. (Remember that A = L + SE, R − E =NI, and NI affects SE through Retained Earnings.) The firsttransaction is provided as an example.