The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several bowling centers, offering customers lanes for games, snack bar service, and merchandise for sale from the pro shop. e. Bennett's purchased $580 in food supplies for the snack bar; paid $480 in cash and owed the rest on account with the supplier. f. Bennett's paid $1,200 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $4,700 to employees for work in July. h. Bennett's purchased $1,500 in insurance for coverage from August 1 to November 1. i. Bennett's paid $1,100 to plumbers for repairing a broken pipe in the restrooms. j. Bennett's received the July electricity bill for $3,200 to be paid August. Prepare the journal entry for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list i i i i i No 1 2 3 4 5 6 Transaction e f g h i j View journal entry worksheet Supplies Cashi Accounts payable Utilities expense Cash Wages expense Cash General Journal No journal entry required Repairs expense Cash No journal entry required Debit 580 1,200 4,700 1,100 Credit 480 100 1,200 4,700 1,100 Ⓒ
The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several bowling centers, offering customers lanes for games, snack bar service, and merchandise for sale from the pro shop. e. Bennett's purchased $580 in food supplies for the snack bar; paid $480 in cash and owed the rest on account with the supplier. f. Bennett's paid $1,200 on the electricity bill for June (recorded as an expense in June). g. Bennett's paid $4,700 to employees for work in July. h. Bennett's purchased $1,500 in insurance for coverage from August 1 to November 1. i. Bennett's paid $1,100 to plumbers for repairing a broken pipe in the restrooms. j. Bennett's received the July electricity bill for $3,200 to be paid August. Prepare the journal entry for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list i i i i i No 1 2 3 4 5 6 Transaction e f g h i j View journal entry worksheet Supplies Cashi Accounts payable Utilities expense Cash Wages expense Cash General Journal No journal entry required Repairs expense Cash No journal entry required Debit 580 1,200 4,700 1,100 Credit 480 100 1,200 4,700 1,100 Ⓒ
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
Gadubhai
Transcribed Image Text:The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several bowling centers, offering
customers lanes for games, snack bar service, and merchandise for sale from the pro shop.
e. Bennett's purchased $580 in food supplies for the snack bar; paid $480 in cash and owed the rest on account with the supplier.
f. Bennett's paid $1,200 on the electricity bill for June (recorded as an expense in June).
g. Bennett's paid $4,700 to employees for work in July.
h. Bennett's purchased $1,500 in insurance for coverage from August 1 to November 1.
i. Bennett's paid $1,100 to plumbers for repairing a broken pipe in the restrooms.
j. Bennett's received the July electricity bill for $3,200 to be paid in August.
Prepare the journal entry for the above transactions.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
N
View transaction list
i 1
1
i
No
i
2
3
4
5
6
Transaction
e
f
g
h
i
j
View journal entry worksheet
Supplies
Cash
Accounts payable
Utilities expense
Cash
Wages expense
Cash
General Journal
No journal entry required
Repairs expense
Cash
No journal entry required
Debit
580
1,200
4,700
1,100
Credit
480
100
1,200
4,700
1,100
X
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