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. a. Bennett's collected $15,000 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $800 in cash. c. Bennett's received $400 from customers who purchased merchandise from the pro shop in June on account. d. The men's and ladies' bowling leagues gave Bennett's a deposit of $2,500 for the upcoming fall season. If revenue is not recognized in July, choose 'None' for the account affected. If revenue is to be recognized in July, indicate the revenue account title and amount. Activity a. b. C. d. Revenue Account Title Amount of Revenue

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. a. Bennett's collected $15,000 from customers for games played in July. b. Bennett's served customers food from its snack bar; received $800 in cash. c. Bennett's received $400 from customers who purchased merchandise from the pro shop in June on account. d. The men's and ladies' bowling leagues gave Bennett's a deposit of $2,500 for the upcoming fall season. If revenue is not recognized in July, choose 'None' for the account affected. If revenue is to be recognized in July, indicate the revenue account title and amount. Activity a. b. C. d. Revenue Account Title Amount of Revenue

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Description: The following transactions are July activities of Bennett's Bowling, Incorporated, which operates several bowling centers, offeringcustomers lanes for games, snack bar service, and merchandise for sale from the pro shop.a. Bennett's collected $15,00

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 14E

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