10:03 x Instructions Problem No. 1.pdf ... VESTIME_This problem is designed to take you through there ng transactions to the poosing th e DAGEGRON Court opened only .25. The or and is in the month and Dec . The benghebooks on Dec 31 O G CHART OF ACCOUNTS 30 OVIDEN 119 ACCOUNTS RECEVANT SIPAREIN 200 CLEANING SUPPLIES I N 720UIT EEN 2235 DEPRECIATION EXPENSE 0 COMMON STOC ACREDIT BALANCE IN THE ACCOUNTS IS NOTED BY A SET OF PARENTHESES, AC Payable has a crede balance of $21.900 and thus it appears as (21.900.00 the STEPS TO ACCOMPLISH Step 1. Are the given transactions and journalize them on page of the Step 2. Post the transactions into the General Ledger. Use to denote Step out the Trial Balance in the worksheet Step our the given utments ont of the General Journal the General Lediger. Use G2 dente general journal page 2 Step out the entire Worksheet Step 6 Complete the Financial Statement com m entatement of R ed and Balance Sheet Step our the longonte page of the G r and the General Ledger denga n Step Come the Powe r Balance TRANSACTION Dec 1 The core purchased -month insurance policy on Dec hotel til May 1 of the following . The cost was $500 Dec 2 The hotels bought some new them to replaceme n t The total cost was $105.000 and they wewposed to have a few Savage value of $3.000. This was charged with Houston Restaurants Dec 5 The housekeeping manager bought some cleaning was worth S trom Janitorial Supply. She picked up the supplies on her way to work and the Controller the invoice The voice is not de r These are the right away as they are expecting high volume of w ines of the Decor Hotel bought food inventory 10:03 9 X Instructions Problem No. 1.pdf ... Step Joure the given adjustments onto page Journal and potent the General Ledger. Use G2 to denote general journal page 2 the entire Worksheet 2 of 2 ee the Financial Statement income Statement, Statement of Retained and Balance Sheet Step 7. Journalize the Closing resonte page of the General oral and post them to the General Ledger. Use 3 to denote general journal page 3 Step 8. Complete the post-dosing Trial Balance TRANSACTIONS Dec 1 The controller purchased a six-month insurance policy on Dec 1 which will cover the hotel until May 31 of the following year. The cost was $7.500 Dec 2 The hotels bought some new kinchen equipment to replace some old met The total cost was $105,000 and they are wpposed to have a useful life of years with a salvage value of $3.000. This was charged with Houston Restaurant Supply Dec 5 The housekeeping manager bought some cleaning supplies worth $125 from Houston Janitorial Supply. She picked up the supplies on her way to work and the controller the invoice. The invoice is not due anuary. These are going to be used right away as they are expecting high volume of a reas of the hotel Dec 8 Cougar Hotel bought food inventory of $9.500 on a charge account with Dec 20 The Hotel Association held its Christmas party at Cougar Hotel The total for food was $18.000, beverage was $7.000 and the controller billed The Hotel Association Dec 21 The Hotel Association was very pleased with the event yesterday and purchased 55.000 worth of gift cards to give away as gifts, they paid in cash Dec 21 Hi-tech Corp. held its annual meeting and retreat Cougar Hotel and the group checked out this morning. The total rooms revenue was $85.000,food revenue was $42.000 and beverage revenue $15,000. The group pad it in full of cash Dec 27 Paid payroll of $27.250 to employees Dec 28 Paid 25 of what is owed to Houston Restaurant Spandowed Sysco and Houston Janitorial ADJUSTMENTS. At the end of the month, the following adjustments need to be recorded 1 A physical food inventory was taken and $10 of food and $1.500 af b ager in the storeroom. 2 Depreciation of the equipment needs to be recognized 3. The insurance used needs to be adjusted 4. The hotel used $2.950 in its but have not paid Center Point 5. A New Year Eve's Party for Ancud was on Dec 31 The total invice was $25.200 and needs to be billed, represents food revenue and the balance beverage 6. The last payday was the 28 and Cougar Hobel pays employees every two weeks Ten employees with wages to $200 per person per day needs to become 10:05 4 chegg.com STEPS TO ACCOMPLISH: Step 1. Analyze the given transactions and journalize them onto page 1 of the General Journal Step 2. Post the transactions into the General Ledger. Use GJl to denote general journal page 1. Step 3. Fill out the Trial Balance in the work sheet Step 4. Journalize the given adjustments onto page 2 of the General Journal and post them to the General Ledger. Use GJ2 to denote general journal page 2 Step 5. Fill out the entire Worksheet Step 6. Complete the Financial Statements: Income Statement, Statement of Retained Earnings, and Balance Sheet Step 7. Journalize the Closing Entries onto page 3 of the General Journal and post them to the General Ledger. Use GJ3 to denote general journal page 3. Step 8. Complete the Post-closing Trial Balance TRANSACTIONS: Dec 1 The controller purchased a six-month insurance policy on Dec 1 which will cover the hotel until May 31 of the following year. The cost was $7,500. Dec 2 The hotels bought some new kitchen equipment to replace some old equipment. The total cost was $105,000 and they are supposed to have a useful life of 10 years with a salvage value of $3,000. This was charged with Houston Restaurant Supply. Dec 5 The housekeeping manager bought some cleaning supplies worth $1,250 from Houston Janitorial Supply. She picked up the supplies on her way into work and gave the controller the invoice. The invoice is not due until January. These are going to be used right away, as they are expecting high volume of guests in all areas of the hotel Dec 8 Cougar Hotel bought food inventory of $9,500 on a charge account with Susco. Dec 20 The Hotel Association Aithrict 10:05 4 chegg.com TRANSACTIONS: Dec 1 The controller purchased a six-month insurance policy on Dec 1 which will cover the hotel until May 31 of the following year. The cost was $7,500. Dec 2 The hotels bought some new kitchen equipment to replace some old equipment. The total cost was $105,000 and they are supposed to have a useful life of 10 years with a salvage value of $3,000. This was charged with Houston Restaurant Supply. Dec 5 The housekeeping manager bought some cleaning supplies worth $1,250 from Houston Janitorial Supply. She picked up the supplies on her way into work and gave the controller the invoice. The invoice is not due until January. These are going to be used right away, as they are expecting high volume of guests in all areas of the hotel. Dec 8 Cougar Hotel bought food inventory of $9.500 on a charge account with Sysco. Dec 20 The Hotel Association held its Christmas party at Cougar Hotel. The total for food was $18,000, beverage was $7,000 and the controller billed The Hotel Association Dec 21 The Hotel Association was very pleased with the event yesterday and purchased $5,000 worth of gift cards to give away as gifts, they paid in cash. Dec 21 Hi-tech Corp. held its annual meeting and retreat at Cougar Hotel and the group checked out this morning. The total rooms revenue was $85,000, food revenue was $42.000 and beverage revenue $15,000. The group paid it in full of cash Dec 27 Paid payroll of $27,250 to employees. Dec 28 Paid 25% of what is owed to Houston Restaurant Supply, and 75% owed to Sysco and Houston Janitorial. ADJUSTMENTS: At the end of the month, the following adjustments need to be recorded 1. A physical food inventory was taken and $1,500 of food and $1,500 of beverage remain in the storerooms. 2. Depreciation of the equipment needs to be recognized 3. The insurance used needs to be adjusted. A The hotel od 2050 in but have not paid 10:05 chegg.com beverage revenue $15,000. The group paid it in full of cash. Dec 27 Paid payroll of $27,250 to employees. Dec 28 Paid 25% of what is owed to Houston Restaurant Supply, and 75% owed to Sysco and Houston Janitorial ADJUSTMENTS: At the end of the month, the following adjustments need to be recorded 1. A physical food inventory was taken and $1,500 of food and $1,500 of beverage remain in the storerooms. 2. Depreciation of the equipment needs to be recognized. 3. The insurance used needs to be adjusted. 4. The hotel used $2,950 in utilities but have not paid Center Point Energy 5. A New Year Eve's Party for ABC Ltd. was held on Dec 31 The total invoice was $25,200 and needs to be billed, 75% represents food revenue and the balance is beverage revenue 6. The last pay day was the 28th and Cougar Hotel pays its employees every two weeks. Ten employees with wages totaling $200 per person per day needs to be accrued. Show transcribed image text 1 Comment Expert Answer This question hasn't been answered 10:03 x Instructions Problem No. 1.pdf ... VESTIME_This problem is designed to take you through there ng transactions to the poosing th e DAGEGRON Court opened only .25. The or and is in the month and Dec . The benghebooks on Dec 31 O G CHART OF ACCOUNTS 30 OVIDEN 119 ACCOUNTS RECEVANT SIPAREIN 200 CLEANING SUPPLIES I N 720UIT EEN 2235 DEPRECIATION EXPENSE 0 COMMON STOC ACREDIT BALANCE IN THE ACCOUNTS IS NOTED BY A SET OF PARENTHESES, AC Payable has a crede balance of $21.900 and thus it appears as (21.900.00 the STEPS TO ACCOMPLISH Step 1. Are the given transactions and journalize them on page of the Step 2. Post the transactions into the General Ledger. Use to denote Step out the Trial Balance in the worksheet Step our the given utments ont of the General Journal the General Lediger. Use G2 dente general journal page 2 Step out the entire Worksheet Step 6 Complete the Financial Statement com m entatement of R ed and Balance Sheet Step our the longonte page of the G r and the General Ledger denga n Step Come the Powe r Balance TRANSACTION Dec 1 The core purchased -month insurance policy on Dec hotel til May 1 of the following . The cost was $500 Dec 2 The hotels bought some new them to replaceme n t The total cost was $105.000 and they wewposed to have a few Savage value of $3.000. This was charged with Houston Restaurants Dec 5 The housekeeping manager bought some cleaning was worth S trom Janitorial Supply. She picked up the supplies on her way to work and the Controller the invoice The voice is not de r These are the right away as they are expecting high volume of w ines of the Decor Hotel bought food inventory 10:03 x Instructions Problem No. 1.pdf ... VESTIME_This problem is designed to take you through there ng transactions to the poosing th e DAGEGRON Court opened only .25. The or and is in the month and Dec . The benghebooks on Dec 31 O G CHART OF ACCOUNTS 30 OVIDEN 119 ACCOUNTS RECEVANT SIPAREIN 200 CLEANING SUPPLIES I N 720UIT EEN 2235 DEPRECIATION EXPENSE 0 COMMON STOC ACREDIT BALANCE IN THE ACCOUNTS IS NOTED BY A SET OF PARENTHESES, AC Payable has a crede balance of $21.900 and thus it appears as (21.900.00 the STEPS TO ACCOMPLISH Step 1. Are the given transactions and journalize them on page of the Step 2. Post the transactions into the General Ledger. Use to denote Step out the Trial Balance in the worksheet Step our the given utments ont of the General Journal the General Lediger. Use G2 dente general journal page 2 Step out the entire Worksheet Step 6 Complete the Financial Statement com m entatement of R ed and Balance Sheet Step our the longonte page of the G r and the General Ledger denga n Step Come the Powe r Balance TRANSACTION Dec 1 The core purchased -month insurance policy on Dec hotel til May 1 of the following . The cost was $500 Dec 2 The hotels bought some new them to replaceme n t The total cost was $105.000 and they wewposed to have a few Savage value of $3.000. This was charged with Houston Restaurants Dec 5 The housekeeping manager bought some cleaning was worth S trom Janitorial Supply. She picked up the supplies on her way to work and the Controller the invoice The voice is not de r These are the right away as they are expecting high volume of w ines of the Decor Hotel bought food inventory 10:03 9 X Instructions Problem No. 1.pdf ... Step Joure the given adjustments onto page Journal and potent the General Ledger. Use G2 to denote general journal page 2 the entire Worksheet 2 of 2 ee the Financial Statement income Statement, Statement of Retained and Balance Sheet Step 7. Journalize the Closing resonte page of the General oral and post them to the General Ledger. Use 3 to denote general journal page 3 Step 8. Complete the post-dosing Trial Balance TRANSACTIONS Dec 1 The controller purchased a six-month insurance policy on Dec 1 which will cover the hotel until May 31 of the following year. The cost was $7.500 Dec 2 The hotels bought some new kinchen equipment to replace some old met The total cost was $105,000 and they are wpposed to have a useful life of years with a salvage value of $3.000. This was charged with Houston Restaurant Supply Dec 5 The housekeeping manager bought some cleaning supplies worth $125 from Houston Janitorial Supply. She picked up the supplies on her way to work and the controller the invoice. The invoice is not due anuary. These are going to be used right away as they are expecting high volume of a reas of the hotel Dec 8 Cougar Hotel bought food inventory of $9.500 on a charge account with Dec 20 The Hotel Association held its Christmas party at Cougar Hotel The total for food was $18.000, beverage was $7.000 and the controller billed The Hotel Association Dec 21 The Hotel Association was very pleased with the event yesterday and purchased 55.000 worth of gift cards to give away as gifts, they paid in cash Dec 21 Hi-tech Corp. held its annual meeting and retreat Cougar Hotel and the group checked out this morning. The total rooms revenue was $85.000,food revenue was $42.000 and beverage revenue $15,000. The group pad it in full of cash Dec 27 Paid payroll of $27.250 to employees Dec 28 Paid 25 of what is owed to Houston Restaurant Spandowed Sysco and Houston Janitorial ADJUSTMENTS. At the end of the month, the following adjustments need to be recorded 1 A physical food inventory was taken and $10 of food and $1.500 af b ager in the storeroom. 2 Depreciation of the equipment needs to be recognized 3. The insurance used needs to be adjusted 4. The hotel used $2.950 in its but have not paid Center Point 5. A New Year Eve's Party for Ancud was on Dec 31 The total invice was $25.200 and needs to be billed, represents food revenue and the balance beverage 6. The last payday was the 28 and Cougar Hobel pays employees every two weeks Ten employees with wages to $200 per person per day needs to become 10:05 4 chegg.com STEPS TO ACCOMPLISH: Step 1. Analyze the given transactions and journalize them onto page 1 of the General Journal Step 2. Post the transactions into the General Ledger. Use GJl to denote general journal page 1. Step 3. Fill out the Trial Balance in the work sheet Step 4. Journalize the given adjustments onto page 2 of the General Journal and post them to the General Ledger. Use GJ2 to denote general journal page 2 Step 5. Fill out the entire Worksheet Step 6. Complete the Financial Statements: Income Statement, Statement of Retained Earnings, and Balance Sheet Step 7. Journalize the Closing Entries onto page 3 of the General Journal and post them to the General Ledger. Use GJ3 to denote general journal page 3. Step 8. Complete the Post-closing Trial Balance TRANSACTIONS: Dec 1 The controller purchased a six-month insurance policy on Dec 1 which will cover the hotel until May 31 of the following year. The cost was $7,500. Dec 2 The hotels bought some new kitchen equipment to replace some old equipment. The total cost was $105,000 and they are supposed to have a useful life of 10 years with a salvage value of $3,000. This was charged with Houston Restaurant Supply. Dec 5 The housekeeping manager bought some cleaning supplies worth $1,250 from Houston Janitorial Supply. She picked up the supplies on her way into work and gave the controller the invoice. The invoice is not due until January. These are going to be used right away, as they are expecting high volume of guests in all areas of the hotel Dec 8 Cougar Hotel bought food inventory of $9,500 on a charge account with Susco. Dec 20 The Hotel Association Aithrict 10:05 4 chegg.com TRANSACTIONS: Dec 1 The controller purchased a six-month insurance policy on Dec 1 which will cover the hotel until May 31 of the following year. The cost was $7,500. Dec 2 The hotels bought some new kitchen equipment to replace some old equipment. The total cost was $105,000 and they are supposed to have a useful life of 10 years with a salvage value of $3,000. This was charged with Houston Restaurant Supply. Dec 5 The housekeeping manager bought some cleaning supplies worth $1,250 from Houston Janitorial Supply. She picked up the supplies on her way into work and gave the controller the invoice. The invoice is not due until January. These are going to be used right away, as they are expecting high volume of guests in all areas of the hotel. Dec 8 Cougar Hotel bought food inventory of $9.500 on a charge account with Sysco. Dec 20 The Hotel Association held its Christmas party at Cougar Hotel. The total for food was $18,000, beverage was $7,000 and the controller billed The Hotel Association Dec 21 The Hotel Association was very pleased with the event yesterday and purchased $5,000 worth of gift cards to give away as gifts, they paid in cash. Dec 21 Hi-tech Corp. held its annual meeting and retreat at Cougar Hotel and the group checked out this morning. The total rooms revenue was $85,000, food revenue was $42.000 and beverage revenue $15,000. The group paid it in full of cash Dec 27 Paid payroll of $27,250 to employees. Dec 28 Paid 25% of what is owed to Houston Restaurant Supply, and 75% owed to Sysco and Houston Janitorial. ADJUSTMENTS: At the end of the month, the following adjustments need to be recorded 1. A physical food inventory was taken and $1,500 of food and $1,500 of beverage remain in the storerooms. 2. Depreciation of the equipment needs to be recognized 3. The insurance used needs to be adjusted. A The hotel od 2050 in but have not paid 10:05 chegg.com beverage revenue $15,000. The group paid it in full of cash. Dec 27 Paid payroll of $27,250 to employees. Dec 28 Paid 25% of what is owed to Houston Restaurant Supply, and 75% owed to Sysco and Houston Janitorial ADJUSTMENTS: At the end of the month, the following adjustments need to be recorded 1. A physical food inventory was taken and $1,500 of food and $1,500 of beverage remain in the storerooms. 2. Depreciation of the equipment needs to be recognized. 3. The insurance used needs to be adjusted. 4. The hotel used $2,950 in utilities but have not paid Center Point Energy 5. A New Year Eve's Party for ABC Ltd. was held on Dec 31 The total invoice was $25,200 and needs to be billed, 75% represents food revenue and the balance is beverage revenue 6. The last pay day was the 28th and Cougar Hotel pays its employees every two weeks. Ten employees with wages totaling $200 per person per day needs to be accrued. Show transcribed image text 1 Comment Expert Answer This question hasn't been answered 10:03 x Instructions Problem No. 1.pdf ... VESTIME_This problem is designed to take you through there ng transactions to the poosing th e DAGEGRON Court opened only .25. The or and is in the month and Dec . The benghebooks on Dec 31 O G CHART OF ACCOUNTS 30 OVIDEN 119 ACCOUNTS RECEVANT SIPAREIN 200 CLEANING SUPPLIES I N 720UIT EEN 2235 DEPRECIATION EXPENSE 0 COMMON STOC ACREDIT BALANCE IN THE ACCOUNTS IS NOTED BY A SET OF PARENTHESES, AC Payable has a crede balance of $21.900 and thus it appears as (21.900.00 the STEPS TO ACCOMPLISH Step 1. Are the given transactions and journalize them on page of the Step 2. Post the transactions into the General Ledger. Use to denote Step out the Trial Balance in the worksheet Step our the given utments ont of the General Journal the General Lediger. Use G2 dente general journal page 2 Step out the entire Worksheet Step 6 Complete the Financial Statement com m entatement of R ed and Balance Sheet Step our the longonte page of the G r and the General Ledger denga n Step Come the Powe r Balance TRANSACTION Dec 1 The core purchased -month insurance policy on Dec hotel til May 1 of the following . The cost was $500 Dec 2 The hotels bought some new them to replaceme n t The total cost was $105.000 and they wewposed to have a few Savage value of $3.000. This was charged with Houston Restaurants Dec 5 The housekeeping manager bought some cleaning was worth S trom Janitorial Supply. She picked up the supplies on her way to work and the Controller the invoice The voice is not de r These are the right away as they are expecting high volume of w ines of the Decor Hotel bought food inventory