The following transactions are July activities of Bill's Extreme Bowling, Inc which operates several bowling centers:
a. Bill's collected $12,000 from customers for services related to games played in July.
b. Bill's billed a customer for $250 for a party held at the center on the last day of July. The bill is to be paid in August.
c. The men's and women's bowling leagues gave Bill's advance payments totaling $1,500 for the fall season that starts in September.
d. Bill's received $1,000 from credit sales made to customers last month (in June).
Prepare journal entries to record the above transactions.
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Home » Business » The following transactions are July activities of Bill's Extreme Bowling, Inc which operates several bowling centers: a. Bill's collected $12,000 from customers for services related to games played in July. b.