Prepare Journal Entries in good form.

Post Journal Entries into T accounts with Totals using formulas

Complete a trial balance as of May 31,2020

The following is a list of transactions that have occurred during the month of May, Date Transaction May 1 Started the business with (ID x 780) in cash. May 1 Borrowed (ID X 550)+350,000 in the form of a note payable May 2 Purchased land with cash for (ID x 180). May 2 Purchased building with cash for (ID 270). May 3 Purchased equipment on account for (ID x 72). May 4 Purchased a 12-month insurance policy for $60,000 May 5 Purchased $88,000 of Food and Beverage Inventory on account May 10 Paid $15.400 in cash for advertising May 15 Paid a utility bill of $3,800 in cash. May 18 Received a S16,000 cash advance deposit for a future banquet. May 22 Paid $13,200 in cash for maintenance expenses. May 28 Paid $182,000 in wages in cash for May 1-28 work. May 31 Generated S218,000 in room revenue for the entire month. The guests paid cash. May 31 Generated $39.000 in food and beverage revenue for the entire month. The guests paid cash May 31 You withdraw $34,500 from the business for your personal use. Required: 1. Prepare journal entries in good form for the transactions above. 2. Post the journal entries into T-accounts (make sure you have a total amount for each account). There should be no hardcoded numbers on the T-accounts, only formulas 3. Complete a trial balance in good form as of May 31, 2020 (make sure you have headers and totals). There should be no hardcoded numbers on the trial balance, only formulas