General Journal Page Date |Accounts and Descriptions 12/1/20X8 Prepaid Insurance Ref | Debit Credit Jounral Enti Posting Reference Please read each transacion and record in the General Journal 1 24.000 Try Again Cash 24,000 | Correct Tre Again to the left. Then post ONLY the first 4 transactions to the Purchased A One-Year Insurance Policy general ledger. Use the drop down menu to complete, it will let Don't forget to include your explanations and the date! 12/2/20X1 Equipment--Kitchen 125,000 Try Again Accounts Payable #tutti Correct Try Again Purchased of new kitchen equipment on account Dec 1 The controller purchased a one-year Insurance policy on Dec 1, 20x4. The cost was 12/5/20Xe Guest Supplies Expense 2.510 Try Again $24,D00. Accounts Paysble 2.510 Correct Try Again Dec 2 The hotels bought some new kitchen equipment to replace some old equipment. The Purchased of quest supplies due on January total cost was $125,000 and they are supposed to have a useful life of 10 years. The #28583885 purchase was made on account with Houston Restaurant Supply. 12/8/20%: Inventory--Food 17,500 Try Again Dec'S The rooms Manager bought some guest supplies worth $2,510 from Houston Hotel Accounts Payable 17,500 Correct Try Again Supply. She picked up the supplies on her way into work and gave the controller the To Record purchase of inventory on account 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 the hotel. 12/20/20) Accounts Receivable 38,000 Dec 8 Cougar Hotel bought food inventory of $17,500 on a charge account with Ben E. Keith. Advanced Deposits 10,000 Food Revenue 38.000 Dec 20 The Houston Law Association held its Christmas party at Cougar Hotel. The food revenue Beverage Revenue 12,000 Try Aqain was $38,000 and beverage revenue was $12,000. The association had made a deposit on May 20X8 of $10,000 so the controller billed the association for the remaining balance To record revenue held at Cougar Hotel. 500 24 25 12/21/20% Cash 10,000 Dec 21 The Houston Law Association was very pleased with the event yesterday and purchased 600 Gift Certificates 10,000 Correct $10,000 worth of gift cards to give away as gifts, they paid in cash. cted from Houston Law Association for purchase Dec 21 ADR Corp. held its annual meeting and retreat at the Cougar Hotel and the group 710 checked out this morning. The total rooms revenue was $75,000, food revenue was 720 115,000 $32,000 and beverage revere $8,000. The group paid it in full with cash. 725 12/21/20% Cash 130 Room Revenue 75,000 Dec 27 Paid payroll of $42,570 to employees. Food Revenue 32.000 Beverage Revenue 3.000 Correct Dec 28 Paid 25% of what is owed to Houston Restaurant Supply, and 75% owed to Ben E. Keith and Houston Hotel Supply. 33 To record cash collected from ADR Corp. 35 12/27/20% Paprell Expense. 42,570 Cash 42,570 Correct To record payment of patrollite emplences 12/28/203 Accounts Payable 3.375 40 13,125 Accounts Payable 1.686 46.258