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please find all 1-12 journal entries 1- shown on the picture 2-purchased a new snow plow for 98,000 cash on December 31 3-purchased ski equipment

please find all 1-12 journal entries
1- shown on the picture
2-purchased a new snow plow for 98,000 cash on December 31
3-purchased ski equipment inventory for 35,000 on account to sell in the ski shops
4-Incurred 62,000 and routine repairs expense for the chairlift paid in cash
5-sold 390,000 of January through March season passes and received cash
6-sold a pair of skis from inventory and a ski shop to a customer for $700 on account
7-the cost of the skis sold in (f) was 400
8-sold daily lift passes in December for a total of 320,000 in cash
9-received a 3500 deposit on a townhouse to be rented for five days in January
10-paid half the charges incurred on account in (c)
11-received 400 on account from the customer in (f)
12-paid 245,000 in wages to employees for the month of December
image text in transcribed
Vail Resorts, Incorporated, owns and operates over 30 premier ski resort properties focated in the Colorado Rocky Mountains, the Lake Tahoe area, the upper midwest, the northeast, mid-Atlantic states, and Australia). The company also owns a collection of luxury hotels, resorts, and lodging properties. The company sells lift tickets, ski and snowboard lessons, and ski equpment. The following hypothetical December transactions ace typical of those that occur at the resorts. a. Borrowed $2,300,000 from the bank on December 1 , signing a note payable due in six months. b. Purchased a new snowplow for $98,000 cash on December 31 . c. Purchased ski equipment inventory for $35,000 on account to sell in the ski shops. d. Incurred $62,000 in routine repairs expense for the chairlifts, paid cash. e. Sold $390,000 of January through March season posses and received cash. t. Sold a pair of skis from inwentory in a ski shop to a customer for $700 on account. 9. The cost of the skis sold in ) was $400. h. Sold daily lift passes in December for a total of $320,000 in cash. i. Received a $3,500 deposit on a townhouse to be rented for five days in January. 1. Pald half the charges incurred on account in (c) k. Received $400 on account from the customer in (f). L. Paid $245,000 in wages to employees for the month of December, Requiredt 1. Prepare journal entries for each transaction. Note: If no entry is required for a transaction/event, select. "No journal entry required" in the first account field. Journal entry worksheet 34567812 Motest Einter debits befarm crests. 2. Assume that Vall Resorts had a $1,000 baiance in Accounts Receivable at the beginning of Decembec Determine the ending balance in the Accounts Recetivable account at the end of December based on trensactions (ad through (4)

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