question archive The following transactions are July 2014 activities of Craig’s Bowling, Inc
Subject:AccountingPrice: Bought3
The following transactions are July 2014 activities of Craig’s Bowling, Inc., which operates several bowling centers (for games and equipment sales).How to record this journal entry?e.Craig’s sold bowling merchandise costing $3,290. [Craig’s sold bowling equipment inventory for $8,200; received $2,300 in cash and the rest on account.]