ACCO 211-Accounting Project B (100Points) Proyecto Cooperative SERVICE ACOUNTING Jose's Park was started on March 1 by Jos H Rodriguez. During March, the following events and transactions were cempleted. Jos invested $100,000 cash in nis business ure screra lasalary o srmnth Mar. 1 2 Purchase land costing for cash,rs 2 Purchased used truck tor s,000 payl 31500 cash and the balance on accountTrucK 3 Incurred advertjsing expense of $2,100 on account Pobli 24 Recelve $7,200 casbs or admission fees. Adrisio cash and the balance on account.ruc Purchased used truck for $8,000, p Purchased cleaning supplies for $2,200 on aecoun tiupietau 5 Paid $2,800 cash on one-year insurange policy effective March 1. 15 Hire a park manager at a salary of $1,800 per month, effective April 1 18 19 20 21 28 30 Paid $1,700 cash on amount owed on truck and $800. withdrew $900 cash for personal use. Paid $3,800 cash for employee salaries. Receive $7,200 cash for admission fees Paid gas and oil for month on truck $500 Sold 100 coupon books for $30 each. Each book contains six coupon that entitle the holder to one admission to the park 31 Paid $2,800 on account for advertising incurred on March 3. The chart of accounts fro Young's Carpet Cleaners contains the following accounts: No. 101 Cash) No. 112 Accounts Receiable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 157.1 Accumulated Depreciation-Equipment, No.158 Land, No No. 301 Jose's Captal, No, 306 lose's Drawind No 350 Income Summary, No. 400 Admission Revenue No. 533 Gas &Oil Expense) No. S34Cleaning up lies Expense, No. 11 Depreciation Expense No 6221 surance Expense, N 1626 Salaries Expense, No 627 Advertising . Expense 201 Accounts Payable)No.212 Salaries Payable] No.213 Unearned admissionj An gs0 de admisin Instructlons: Journalize and post the March transactions. Use page J-1 for the journal and three-column form for account. Enter the following adjustments on the work sheet and complete the work sheet a) b) 1) Depreciation on equipment for the month was $250. 2) One-twelth of the insurance expired 3) An inventory count shows $600 of cleaning supplies on hand at March 31. 4) Accrued but unpaid employee salaries were $3,500. c) Prepare the income statement for March and a classified balance sheet at March 31 d) Journalize and post adjustment entries e) Journalize and post closing entries and complete the closing process. f Prepare a post-closing trial balance at March 31