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M3-4 Identifying Expenses 02,3 The following transactions are Jely 2011 activities of Craig's...

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Accounting

M3-4
Identifying Expenses
02,3
The following transactions are Jely 2011 activities of Craig's Bowling, Inc., which operates several bowling centers (for games and equipment sales). If expense is to be recognized in July, indicate the expense account title and amount. If eypense is not to be recognized in July, explain why.
\table[[Activity,Expense Account Title and Amount],[e. Craig's sold bowling merchaslive costing $3,890.,],[[The sale related to the use of this merchandise is in,],[M3-3he],]]
h. Craig's purchased $1,800 in insurance for coverage from July 1 to October 1.
i. Craig's paid $1,400 to plumbers for repairing a broken pipe in the restrooms.
j. Craig's received the July electricity bill for $2,600 to be paid in August.
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