do the journal entry a. The owner invested $250,000 cash deposited in the business bank account. b. The owner paid $108,000 cash for land. c. The owner borrowed $300,000 on a mortgage payable at 8% interest. d. The owner paid $285,400 cash for a building. e. Equipment was purchased for $48,000, paying $12,000 cash; and the balance owed on a note payable. f. Furnishings were purchased for $120,000 cash. g. Linen inventory was purchased for $7,894 cash. h. Supplies were purchased for $3,200 on account. i. Vending inventory was purchased for $540 cash. j. Room sales revenue during the month was $58,740; 98% cash and 2% credit cards. k. Vending sales revenue from vending machines was $880 cash. l. Wages of $3,120 cash were paid. m. The owner paid $3,200 on accounts payable. n. The owner paid $4,200 on an annual liability and casualty insurance policy. o. The owner paid $1,600 on the mortgage payable and $1,728 for interest. After journalizing and posting the operating transactions, journalize the following adjusting entries (Use separate entries for clarity.): 1. Estimated closing value of the linen inventory is $7,220. 2. Wages earned by employees but unpaid are $416. 3. One-twelfth of the prepaid insurance has been consumed. 4. Interest owing, but not yet paid on the equipment note payable account is 1% of the balance owing at month-end. 5. Equipment has a 10-year life and a $3,000 residual value; SL depreciation. 6. Furnishings have an 8-year life and a $7,000 residual value; SL depreciation. 7. Building has a 20-year life and a $42,000 residual value; SL depreciation. 8. Supplies used during the first month are $533