Post the following transactions to the general ledger accounts shown in the picture below

*Note: Not all entries require a journal entry and company uses % complete accounting

1.Purchase a backhoe having a value of $360,000. Purchase agreement is zero percent interest for 36 months. Total life of machine is expected to be 10 years

2. Record invoice for 1st backhoe payment

3. Pay first backhoe payment

4. Purchase materials on account (net 30days) Totaling $150,000. Split invoice as follows: $50,000 to inventory (future use) and $100,000 to Job 101

5. Receive fuel invoice $2,000 (Net 30 days)

6. Pay labor for office personnel $5,000, project supervision $10,000 and labor of $20,000

7. Charge $3,000 expense to project 101 (equipment) for the internal equipment. Offset to G&A

8. You billl $75,000 mobilization (10% retention) to owner on invoice #1

9. Record invoice for backhoe note ($10,000)

10.Pay materials invoices due to vendors- invoice $150,000 & November fuel invoice $2,000

11. Receive fuel invoice $2,000 (Net 30 days)

12. Receive $67,500 for invoice #1 from owner

13. record annual (2 month) depreciation on backhoe

010010 Supervision (Quantity] Debit Credit 010010 Supervision (Labor) Debit Credit 010010 Supervision (Equipment) Credit 010010 Supervision (Misc Mart.) Debit Credit 010010 Supervision (Perm. Mat.) Dehit Credit 010010 Supervision (Subcontractors) Credit Debat Debit 010050 Project Trailer (Quantity) Debit Credit 010050 Project Trailer (Labor) Debit Credit 010050 Project Trailer Equipment) Debit Credit 010050 Project Trailer (Misc Mat.) Debit Credit 010050 Project Trailer (Perm. Mat. Debit Credit 010050 Project Trailer (Subcontractors Debit Credit 010120 Fuel (Quantity Debit Credit 010120 Fuel (Labor Debit Credit 010120 Fuel (Equipment] Debit Credit 010120 Fuel (Misc Mat.) Debit Credit 010120 Fuel (Perm. Mat.) Dehlt Credit 010120 Fuel (Subcontractors) Dehl: Credit 020010 General Excav. (Quantity Debit Credit 020010 General Excav. Labor) Debit Credit 020010 General Excav. (Equipment) Debit Credit 020010 General Excav. (Misc Mat. Debit Credit 020010 General Excaw. (Perm. Mat. Debit Credit 020010 General Excav. (Subcontractors Debit Credit 030010 Concrete Slab (Quantity) Debit Credit 030010 Concrete Slab (Labor) Debit Credit 030010 Concrete Slab Equipment Debit Credit 030010 Concrete Slab Misc Mat.) Debit Credit 030010 Concrete Slab (Perm. Mat.) Debit Credit 030010 Concrete Slab (Subcontractors) Debit Credit 010010 Supervision (Quantity] Debit Credit 010010 Supervision (Labor) Debit Credit 010010 Supervision (Equipment) Credit 010010 Supervision (Misc Mart.) Debit Credit 010010 Supervision (Perm. Mat.) Dehit Credit 010010 Supervision (Subcontractors) Credit Debat Debit 010050 Project Trailer (Quantity) Debit Credit 010050 Project Trailer (Labor) Debit Credit 010050 Project Trailer Equipment) Debit Credit 010050 Project Trailer (Misc Mat.) Debit Credit 010050 Project Trailer (Perm. Mat. Debit Credit 010050 Project Trailer (Subcontractors Debit Credit 010120 Fuel (Quantity Debit Credit 010120 Fuel (Labor Debit Credit 010120 Fuel (Equipment] Debit Credit 010120 Fuel (Misc Mat.) Debit Credit 010120 Fuel (Perm. Mat.) Dehlt Credit 010120 Fuel (Subcontractors) Dehl: Credit 020010 General Excav. (Quantity Debit Credit 020010 General Excav. Labor) Debit Credit 020010 General Excav. (Equipment) Debit Credit 020010 General Excav. (Misc Mat. Debit Credit 020010 General Excaw. (Perm. Mat. Debit Credit 020010 General Excav. (Subcontractors Debit Credit 030010 Concrete Slab (Quantity) Debit Credit 030010 Concrete Slab (Labor) Debit Credit 030010 Concrete Slab Equipment Debit Credit 030010 Concrete Slab Misc Mat.) Debit Credit 030010 Concrete Slab (Perm. Mat.) Debit Credit 030010 Concrete Slab (Subcontractors) Debit Credit