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The following transactions are July 2014 activities of Craig’s Bowling, Inc., which operates several bowling centers...

The following transactions are July 2014 activities of Craig’s Bowling, Inc., which operates several bowling centers (for games and equipment sales). e. Craig’s sold bowling merchandise costing $6,800. [Do not consider sales revenue for this question.]

f. Craig’s paid $800 on the electricity bill for June (recorded as expense in June).

g. Craig’s paid $3,500 to employees for work in July.

h. Craig’s purchased $1,500 in insurance for coverage from July 1 to October 1. Assume that the purchase of the insurance has already been recorded.

i. Craig’s paid $700 to plumbers for repairing a broken pipe in the restrooms.

j. Craig’s received the July electricity 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 − for decrease) of each transaction. (Remember that A = L + SE, R − E = NI, and NI affects SE through Retained Earnings.) The first transaction is provided as an example.

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