Question

The following transactions are July activities of Bill's Extreme Bowling, Inc., which operates several bowling centers.

The following transactions are July activities of Bill's Extreme Bowling, Inc., which operates several bowling centers. If an expense is to be recognized in July, indicate the amount. 

ActivityAmount
a. Bill's paid $2,250 in July to plumbers for repairing a broken pipe in the restrooms.

b. Bill's paid $2,550 for the June electricity bill and received the July bill for $3,150, which will be paid in August.

c.   Bill's paid $5,750 to employees for work in July. 


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Answer #1

calculate following

Activity Amount
a Bill's paid $2250 in july to plumbers for repairing a broken pipe in the restrooms $2250
b Bill's paid $2550 for the June electricity bill and received the July bill for $3150 which will be paid in August $3150
c Bill's paid $5750 to employees for work in July $5750
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