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Complete the tabulation

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Question - The following transactions are July 2014 activities of Craig's Bowling, Inc., which operates several bowling centers (for games and equipment sales).

a. Craig's collected $15,000 from customers for games played in July.

b. Craig's sold bowling equipment inventory for $8,000; received $3,000 in cash and the rest on account. [Do not consider cost of goods sold for this question.]

c. Craig's received $4,000 from customers on account who purchased merchandise in June.

d. The men's and ladies' bowling leagues gave Craig's a deposit of $2,500 for the upcoming fall season.

Required - For each of the following transactions, complete the tabulation, indicating the amount and net effect (+ for increase and - for decrease) of each transaction.

Reference no: EM132474302

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