The following transactions are July activities of Bennett's Bowling, Inc., which operates several bowling centers, offering customers lanes for games and merchandise for sale.
a. Bennett's provided to customers bowling merchandise inventory costing Bennett's 680. (Consider only the effect on cost of goods sold (expense) here.)
b. Bennett's paid 500 on the electricity bill for June (recorded as an expense in June).
c. Bennett's paid 3,600 to employees for work in July.
d. Bennett's purchased 1,500 in insurance for coverage from August 1 to November 1.
e. Bennett's paid 700 to plumbers for repairing a broken pipe in the restrooms.
f. Bennett's received the July electricity bill for 900 to be paid in August.