Post the first 4 Trascations to the General Ledger please!!!

General Journal AE Page 1 Date Accounts and Descriptions GENERAL LEDGER 12/1/20%2 Prepaid Insurance 24,000 Ref Debit Credit Joshral Enti Posting Reference Please read each transacion and record in the General Journal Try Again Cach 24,000 Correct to the left. Then post ONLY the first 4 transactions to the CHART OF ACCOUNTS DEFINITION ACCT. NO. 100 Try Again Cash 100 Cash Purchased A One-Year Insurance Policy general ledger. Use the drop down menu to complete, it will let Company cash DATE DESCRIPTION REF. DEBIT CREDIT BALAN 110 Accounts Receivable Money owed to the company 12/1/20X8 OPENING BALANCE 32 Don't forget to include your explanations and the date! 120 Prepaid Insurance Insurance that was paid for in advance 12/2/20% Equipment--Kitchen 2 125,000 Try Again Accounts Payable 130 Inventory--Food ood purchased but not yet sold (includes sodas and other non-alcoholic beverages ) #1## Correct Try Again 135 Inventory--Beverage Beverage (only alcohol] purchased but not get sold Purchased of new kitchen equipment on account Dec 1 The controller purchased a one-year insurance policy on Dec 1, 20x8. The cost was 140 Equipment--Kitchen Long term assets purchased for the kitchen 145 Accumulated Depreciation--Kitchen The amount of the long term asset that has been consumed, based on an estimated life 12/5/20Xa Guest Supplies Expense 2,510 Try Again $24,000. 200 Accounts Payable Money the company owes its vendors Accounts Payable 2.510 Correct Try Again Dec 2 The hotels bought some new kitchen equipment to replace some old equipment. The 205 Utilities Payable Utilities that have been used but no yet paid ACCT. NO. 110 Accounts Receivable Purchased of quest supplies due on Janu total cost was $125,000 and they are supposed to have a useful life of 10 years. The 208 Payroll Payable Payroll that is owed to employees not yet paid DATE DESCRIPTION REF DEBIT CREDIT BALAN purchase was made on a rant Supply. 210 Advanced Deporits Funds received by customers for a future service, the service has not yet been provided by the company 12/1/20X8 OPENING BALANCE 12 12/8/20X Inventory-Food 17,500 Tre Again Dec 5 The rooms Manager bought some guest supplies worth $2,510 from Houston Hotel 220 Gift Certificates Funds received by customers for a future service, the service has not yet been provided by the company Accounts Payable 17,500 Correct Try Again Supply, She picked up the her way into work and gave the controller the 300 Common Stock Ownership in the company by others who have invested in the company To Record purchase of inventor due until January. These are going to be used right away, as 310 Dividends Profits that have been shared with the owners of the company or shareholders gh volume of guests in the hotel 390 Retained Earnings The car e company has kept; Net Income - Dividends or just Net Losses 12/20/20> Accounts Receivable 5 40,000 391 Income Summary Only used at the end of the year to close the books Advanced Deposits 10,000 Dec 8 Cougar Hotel bought food inventory of $17,500 on a charge account with Ben E. Keith. 400 Room Revenue Revenue from room sales in s hotel Food Revenue 38,000 Dec 20 The Houston Law Association held its Christmas party at Cougar Hotel. The food revenue 410 Food Revenue Revenue from food sold ACCT. NO. 120 Prepaid Insurance was $38,000 and beverage revenue was $12,000. The association had made a deposit on 415 Beverage Revenue Revenue from Beverage sold DATE DESCRIPTION REF DEBIT CREDIT BALAN Beverage Revenue 12,000 Try Again To record revenue held at Cougar Hotel. May 20X8 of $10,000 so the controller billed the association for the remaining balance 500 Cost of Sales Food Cost of the food that has been sold 12/1/20X8 OPENING BALANCE due. 510 Cost of Sales Beverage Cost of the beverage that has been cold 12/21/20X Cash 6 10,000 Dec 21 The Houston Law Association was very pleased with the event yesterday and purchased 500 Payroll Expense The cost of payroll that has been incurred Gift Certificates 10,000 Correct $10,000 worth of gift cards to give away as gifts, they paid in cash. 700 Guest Supplies Expense Supplies for the quest (soap, tissue, etc.] Dec 21 ADR Corp, held its annual meeting and retreat at the Cougar Hotel and the group 10 Insurance Expense Cost of insurance that has been used ted from Houston Law Association for purchase ked out this morning. The total rooms revenue was $75,000, food revenue was 720 Utilities Expense Cost of utilities that have been used $32,000 and beverage revenue $8,000. The group paid it in full with cash. 725 Depreciation Expense The amount of a long term asact that has been used (offact is accumulated depreciation ] 2/21/20% Cach 115,000 Room Revenue 75.000 Dec 27 Paid payroll of $42,570 to employees. ACCT. NO. 190 Food Revenue 32,000 DEBIT CREDIT BALAN Beverage Revenue 8,000 Correct Dec 28 Paid 25%% of what is owed to Houston Restaurant Supply, and 75% owed to Ben E. Keith DATE DESCRIPTION 12/1/20X8 OPENING BALANCE To record cash collected from ADR Corp. and Houston Hotel Supply. 12/27/20% Payroll Expense 42,570 42,570 Correct To record payment of payroll to employees + 12/28/20> Accounts Payable 9 31,250 ACCT NO. 155 Accounts Payable 13.125 Try Again Accounts Payable 1883. DATE DESCRIPTION DEBIT CREDIT BALAN 12/1/20X8 OPENING BALANCE Cash 46,258 ACCT. NO. 10 ROXa OPENING BALANCE