Problem 15 The Blue Ribbon Steakhouse uses a perpetual inventory system for food and beverages. Sup- plies inventory and expense accounts are separately maintained for the following types of supplies: Guest, Cleaning, Office, and Kitchen. Purchases of supplies are charged to either an inventory (asset) account or an expense account based on the destination of the supplies (storeroom or direct use). Journalize the following transactions on a two-column journal for the Blue Ribbon Steak- house. 20X1 March 1: The sales report for the day presented the following information: Food $1,985.75 Beverage 425.00 Sales Tax 144.65 Cash received and bank credit cards 1,550.65 In-house credit cards 1,003.68 Cash shortage 1.07 (Cash shortages or overages are recorded to one account called Cash Short or Over.) March 1: Issued check number 645 for $1,600 to Baker Realty in payment of the March rent. March 1: Purchased $900 of food provisions for the storeroom on open account from Daxell Supply March 1: Purchased $250 of liquor on open account for the storeroom from Tri-State Distributors. March 1: Paid for newspaper advertising to run on March 15. Issued check number 646 for $350 to City News. March 2: The sales report for the day presented the following information: Food $1,856.50 Beverage 395.00 Sales Tax 135.09 Cash received and bank credit cards 1,495.84 In-house credit cards 891.13 Cash overage March 2: Issued check number 647 for $1,500 to Capital Insurance for a one-year policy on contents of building Term of the policy is March 8, 20/1, to March 8, 20X2. March 2: Paid for newspaper advertising to run on April 8. Issued check number 696 for $850 to City News March 2: Issued check number 649 for $225 to Eastern Telephone for the period March 1 to March 31. March 2: Purchased (on open account) the following items from Kimble Supply, intended for the storerooms: Kitchen utensils, paper, twine, pots, and pans $980.00 Pens, pencils, cash register rolls, staplers, and pads 200.00 Matchbooks provided free to guests 150.00 Cleaning solvents and polish 175.00 March 2: Recorded the following issues reports from the storerooms: Issues from the storeroom to the kitchen $1,225 Issues from the storeroom to the bar 200 March 2: The cost of free employee meals is recorded in a Food Department Employee Meals Expense account and a Beverage Department Employee Meals Expense account for management information purposes. Recorded the food manager's report of free meals provided to employees for March 1 and 2, which provided the following information: Free meals to bar employees, at cost $15 Free meals to food department employees, at cost 40