The following transactions are july 2014 activities of craig? s bowling, inc., which operates several bowling centers (for games and equipment sales).e. craig? s sold bowling merchandise costing $6,800. [craig? s sold bowling equipment inventory for $8,000; received $3,000 in cash and the rest on account.]f. craig? s paid $800 on the electricity bill for june (recorded as expense in june).g. craig? s paid $3,500 to employees for work in july. h. craig? s purchased $1,500 in insurance for coverage from july 1 to october 1.i. craig? s paid $700 to plumbers for repairing a broken pipe in the restrooms. j. craig? s received the july electricity bill for $900 to be paid in august. prepare the journal entry for the above transactions