Please create a General Journal for the following entries. Thank you.

BEACON LUMBER, MONTH OF NOVEMBER Nov 4 On this day an entrepreneur (Investor #1) created the Beacon Lumber corporation and purchased 20,000 shares of its common stock for $20,000 The corporation will operate a lumberyard and building materials business in a medium sized city not far from your school. The business will prepare financial statements on a monthly basis. Later in the day two other investors purchase shares. Investor #2 purchases 2,000 shares for $2,000 and investor #3 purchases 3,000 shares for $3,000. Nov 4 Later that afternoon the lawyer who performed the incorporation submits a bill for S500 fee and $37.18 in expenses. Nov 4 Nov 6 The investors (and, at present, the sole owners) of the Beacon Lumber Corporation elect three prominent businesspersons to the company's Board of Directors. The board will meet once every quarter to review operations and set overall policy for the company, but it will not be involved in the day to day operations. The company's founder is appointed CEO of the corporation. The board appoints a clerk-secretary. An investor supplies 20 acres of land in exchange for stock and a mortgage note. The land has been appraised at $70,000 and the investor receives 15,000 shares of stock and a note with a face value of S55,000. The note requires Beacon to pay interest at the rate of 10% per year and the principal (face amount) is due in 5 years. Nov 15 Investor #2 sells 500 shares of Beacon stock to a younger sister for $500. Nov 15 Beacon agrees to rent a trailer which it will use as a temporary office. The rental cost, as determined by AZCO, the lessor, will be S200 per month. AZCO will pro-rate this month's rent, using a Nov18th start date. Beacon pays the rent. In the future, rent will be due the first of the month. Nov 17 Beacon applies for credit to the Big Wholesale Lumber Company (BWLC). Since Beacon is a brand new business and has no history of operations the credit manager for the BWLC is at first reluctant to approve the request. Eventually, after heated discussions, she agrees to a S10,000 limit, provided that the company's ratio of Debt to Total Assets does not rise above.70, and that its Current Ratio does not fall below 2.45. Nov 17 Beacon purchases 20,000 board feet (bd. ft.) of framing lumber from BWLC at a cost of S.90/bd. ft., (ninety cents per board foot). After reaching its credit limit, it paid cash for the balance of the purchase. Nov 17 Beacon hires an Office Manager and two yard personnel. The yard personnel will each earn $12.00 per hour and the manager will earn $17.00 per hour. All employees will work an eight-hour day. Nov 17 The Solid Construction Company purchases 3,000 bd. ft. of lumber on account for S4,800.00. (Hint: remember to make an entry for Cost of Goods Sold (COGS) _ 3,000 board feet at $90 per board foot. COGS is expense, so you will debit this account and credit inventory, an asset.) Nov 18 The Strong Construction Company purchases 6,000 bd. ft. of lumber on account for $9,600.00. Nov 18 Nov 18 The Reliable Construction Company purchases 4,000 bd. ft. of lumber on account for $6,400.00. The Nocturnal Departures Home Improvement Co. purchases 1,000 bd. ft. of lumber for $1,600, paying cash. Nov 20 John Q. Homeowner purchases 2,000 bd. ft. of lumber for $3,500, paying cash. He does not have a sales tax exemption certificate. By law, Beacon must collect 8.25% sales tax and remit this to the state at the end of each quarter. (Hin: your entry should include a credit to Sales Taxes Payable of $288.75 (S3,500 x.0825).) Nov 22 The Solid, Strong & Reliable Construction Companies all send checks totaling $18,000 for payment on account. Nov 26 Beacon writes a check for $10,000 to the Big Wholesale Lumber Company for payment on account Nov 26 Beacon pays a total wage expense of $3,608 to its workers for the month of November. (Debit the store wages expense account when you make this entry.) Nov 30 Beacon Lumber Chart of accounts 101 CASH 112 ACCOUNTS RECEIVABLE 113 ALLOWANCE FOR DOUBTFUL ACCOUNTS 115 NOTES RECEIVABLE 118 120 123 125OFFICE SUPPLIES 130 PREPAID INSURANCE 140 LAND 145 BUILDINGS 146 ACCUMULATED DEPRECIATION- BUILDINGS 157 158 ACCUMULATED DEPRECIATION-EQUIPMENT 201 ACCOUNTS PAYABLE INTEREST RECEIVABLE MERCHANDISE INVENTORY PREPAID ADVERTISING EQUIPMENT 08 UNEARNED RENT REVENUE 213 SALARIES AND WAGES PAYABLE 227 SALES TAXES PAYABLE 230 INTEREST PAYABLE 252 DIVIDENDS PAYABLE COMMON STOCK 268 NOTES PAYABLE 311 320 RETAINED EARNINGS 332DIVIDENDS 350 401 412 SALES RETURNS & ALLOWANCES 414SALES DISCOUNTS 429 COMMON STOCK INCOME SUMMARY SALES RENT REVENUE COST OF GOODS SOLD 610 ADVERTISING EXPENSES 628STORE WAGES EXPENSE 644 FREIGHT OUT DEPRECIATION EXPENSE 718 INTEREST EXPENSE 722 INSURANCE EXPENSE 728 OFFICE SUPPLIES EXPENSE 729RENT EXPENSE 732 UTILITIES EXPENSE 745 LEGAL SERVICES EXPENSE 813 GAIN ON SALE OF LAND 820 INTEREST REVENUE 916 LOSSES BEACON LUMBER, MONTH OF NOVEMBER Nov 4 On this day an entrepreneur (Investor #1) created the Beacon Lumber corporation and purchased 20,000 shares of its common stock for $20,000 The corporation will operate a lumberyard and building materials business in a medium sized city not far from your school. The business will prepare financial statements on a monthly basis. Later in the day two other investors purchase shares. Investor #2 purchases 2,000 shares for $2,000 and investor #3 purchases 3,000 shares for $3,000. Nov 4 Later that afternoon the lawyer who performed the incorporation submits a bill for S500 fee and $37.18 in expenses. Nov 4 Nov 6 The investors (and, at present, the sole owners) of the Beacon Lumber Corporation elect three prominent businesspersons to the company's Board of Directors. The board will meet once every quarter to review operations and set overall policy for the company, but it will not be involved in the day to day operations. The company's founder is appointed CEO of the corporation. The board appoints a clerk-secretary. An investor supplies 20 acres of land in exchange for stock and a mortgage note. The land has been appraised at $70,000 and the investor receives 15,000 shares of stock and a note with a face value of S55,000. The note requires Beacon to pay interest at the rate of 10% per year and the principal (face amount) is due in 5 years. Nov 15 Investor #2 sells 500 shares of Beacon stock to a younger sister for $500. Nov 15 Beacon agrees to rent a trailer which it will use as a temporary office. The rental cost, as determined by AZCO, the lessor, will be S200 per month. AZCO will pro-rate this month's rent, using a Nov18th start date. Beacon pays the rent. In the future, rent will be due the first of the month. Nov 17 Beacon applies for credit to the Big Wholesale Lumber Company (BWLC). Since Beacon is a brand new business and has no history of operations the credit manager for the BWLC is at first reluctant to approve the request. Eventually, after heated discussions, she agrees to a S10,000 limit, provided that the company's ratio of Debt to Total Assets does not rise above.70, and that its Current Ratio does not fall below 2.45. Nov 17 Beacon purchases 20,000 board feet (bd. ft.) of framing lumber from BWLC at a cost of S.90/bd. ft., (ninety cents per board foot). After reaching its credit limit, it paid cash for the balance of the purchase. Nov 17 Beacon hires an Office Manager and two yard personnel. The yard personnel will each earn $12.00 per hour and the manager will earn $17.00 per hour. All employees will work an eight-hour day. Nov 17 The Solid Construction Company purchases 3,000 bd. ft. of lumber on account for S4,800.00. (Hint: remember to make an entry for Cost of Goods Sold (COGS) _ 3,000 board feet at $90 per board foot. COGS is expense, so you will debit this account and credit inventory, an asset.) Nov 18 The Strong Construction Company purchases 6,000 bd. ft. of lumber on account for $9,600.00. Nov 18 Nov 18 The Reliable Construction Company purchases 4,000 bd. ft. of lumber on account for $6,400.00. The Nocturnal Departures Home Improvement Co. purchases 1,000 bd. ft. of lumber for $1,600, paying cash. Nov 20 John Q. Homeowner purchases 2,000 bd. ft. of lumber for $3,500, paying cash. He does not have a sales tax exemption certificate. By law, Beacon must collect 8.25% sales tax and remit this to the state at the end of each quarter. (Hin: your entry should include a credit to Sales Taxes Payable of $288.75 (S3,500 x.0825).) Nov 22 The Solid, Strong & Reliable Construction Companies all send checks totaling $18,000 for payment on account. Nov 26 Beacon writes a check for $10,000 to the Big Wholesale Lumber Company for payment on account Nov 26 Beacon pays a total wage expense of $3,608 to its workers for the month of November. (Debit the store wages expense account when you make this entry.) Nov 30 Beacon Lumber Chart of accounts 101 CASH 112 ACCOUNTS RECEIVABLE 113 ALLOWANCE FOR DOUBTFUL ACCOUNTS 115 NOTES RECEIVABLE 118 120 123 125OFFICE SUPPLIES 130 PREPAID INSURANCE 140 LAND 145 BUILDINGS 146 ACCUMULATED DEPRECIATION- BUILDINGS 157 158 ACCUMULATED DEPRECIATION-EQUIPMENT 201 ACCOUNTS PAYABLE INTEREST RECEIVABLE MERCHANDISE INVENTORY PREPAID ADVERTISING EQUIPMENT 08 UNEARNED RENT REVENUE 213 SALARIES AND WAGES PAYABLE 227 SALES TAXES PAYABLE 230 INTEREST PAYABLE 252 DIVIDENDS PAYABLE COMMON STOCK 268 NOTES PAYABLE 311 320 RETAINED EARNINGS 332DIVIDENDS 350 401 412 SALES RETURNS & ALLOWANCES 414SALES DISCOUNTS 429 COMMON STOCK INCOME SUMMARY SALES RENT REVENUE COST OF GOODS SOLD 610 ADVERTISING EXPENSES 628STORE WAGES EXPENSE 644 FREIGHT OUT DEPRECIATION EXPENSE 718 INTEREST EXPENSE 722 INSURANCE EXPENSE 728 OFFICE SUPPLIES EXPENSE 729RENT EXPENSE 732 UTILITIES EXPENSE 745 LEGAL SERVICES EXPENSE 813 GAIN ON SALE OF LAND 820 INTEREST REVENUE 916 LOSSES