Craig's collected $15,000 from customers for games played in july. craig's sold bowling merchandise inventory from its pro shop for $8,000; received $3,000 in cash and customers owed the rest on account. [the cost of goods sold (expense) related to these sales is $6,800.] craig's received $4,000 from customers who purchased merchandise in june on account. the men's and ladies' bowling leagues gave craig's a deposit of $2,500 for the upcoming fall season. craig's paid $800 on the electricity bill for june (recorded as an expense in june). craig's paid $3,500 to employees for work in july. craig's purchased $1,500 in insurance for coverage from july 1 to october 1. (part is an expense for july and part is a prepaid expense to be used in future months.) craig's paid $700 to plumbers for repairing a broken pipe in the restrooms. craig's received the july electricity bill for $900 to be paid in august.