Question 1(9 marks) Laura Anderson opened a hotel. Prepare journal entries, T accounts and the trial balance for the following transactions. You can use the following format as a heading for your entries: Date Account Title Debit Credit June 1 Laura invested $400,000 cash into the business. June 2 Laura purchased a hotel building for $800,000 and land for $100,000. Laura paid $250,000 in cash and signed note payable for $650,000. June 3 Paid $6,000 for a six-month insurance policy on the hotel. June 5 Purchased supplies costing $4,000 on account. June 10 Received advance payments of $12,000 from customers that will be staying at the hotel in July. Payments will be refunded if the customer cancels within 7 days of their scheduled arrival time. June 14 Received cash payments of $13,000 from current customers staying at the hotel in June. June 15 Paid $2,000 cash for staff salaries. June 16 Paid $500 for maintenance expense. June 17 Received $10,000 payment for a wedding reception hosted that day. June 18 Paid $2,500 for catering expenses. June 18 Paid event expenses of $1,000 for table and chair rentals. June 19 Paid event expenses of $2,000 for flowers. June 24 Paid for the supplies purchased on June 5. June 25 Recorded an additional $5,000 cash received from current hotel customers for June. June 30 Paid $2,000 cash for staff salaries. June 30 The owner withdrew $4,000 for personal use