Plant Assets, Natural Resources,

Top Quality Appliance$-$Long Beach completed the following transactions during $2025,$ its first year of operations:

a$.$ Received $$500,000$ cash from owner, T$.$ Baker, in exchange for capital. Opened a new checking account at Long Beach National Bank and deposited the cash received from the owner.

b$.$ Paid $$50,000$ cash for a TQA franchise.

c$.$ Paid $$200,000$ cash and issued a $$400,000,10-$year, $5\%$ notes payable for land with an existing building. The assets had the following fair values: Land, $$100,000$; Building, $$500,000.$

d$.$ Paid $$75,000$ for store fixtures.

e$.$ Paid $$45,000$ for office equipment.

f$.$ Paid $$600$ for supplies.

g$.$ Paid $$3,600$ for a two$-$year insurance policy.

h$.$ Purchased appliances from TQA $($merchandise inventory$)$ on account for $$425,000.$

i$.$ Established a petty cash fund for $$150.$

j$.$ Sold appliances on account to B&B Contractors for $$215,000,$ terms $\frac{n}{30}($cost$,$ $$86,000).$

k$.$ Sold appliances to Davis Contracting for $$150,000($cost$,$ $$65,000),$ receiving a $6-$month, $8\%$ note.

I. Recorded credit card sales of $$80,000($cost$,$ $$35,000),$ net of processor fee of $2\%.$

$m.$ Received payment in full from B&B Contractors.

n$.$ Purchased appliances from TQA on account for $$650,000.$

o$.$ Made payment on account to TQA, $$300,000.$

p$.$ Sold appliances for cash to LB Home Builders for $$350,000($cost$,$ $$175,000).$

q$.$ Received payment in full on the maturity date from Davis Contracting for the note.

r$.$ Sold appliances to Leard Contracting for $$265,000($cost$,$ $$130,000),$ receiving a $9-$month, $8\%$ note.

s$.$ Made payment on account to TQA, $$500,000.$

t$.$ Sold appliances on account to various businesses for $$985,000,$ terms $\frac{n}{30}($cost$,$ $$395,000).$

u$.$ Collected $$715,000$ cash on account.

v$.$ Paid cash for expenses: Salaries, $$180,000$; Utilities, $$12,650.$

w$.$ Replenished the petty cash fund when the fund had $$62$ in cash and petty cash tickets for $$85$ for supplies.

x$.$ Baker withdrew $$5,000.$

y$.$ Paid the franchise fee to TQA of $5\%$ of total sales of $$2,045,000.$

equirements

Record the transactions in the general journal. Omit explanations.

Post to the general ledger.

It is a common business practice to reconcile the bank accounts on a monthly basis. However, in this problem, the reconciliation of the company's checking account will be done at the end of the year, based on an annual summary.

Reconcile the bank account by comparing the following annual summary statement from Long Beach National Bank to the Cash account in the general ledger Record journal entries as needed and post to the general ledger. Use transaction as the posting reference.

$$

I need help posting these to the general ledger $($T accounts$),$ just requirement $2$ please!