The Account CycleBob night opened “The general’s favorite Fishing Hole” The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and returning home the following Saturday afternoon. The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques. The chart of accounts for the camping operations is provided below.The General’s Favorite Fishing Hole Chart of Account.Assets Revenues101 cash 401 Registration fees142 Office Supplies144 Food Supplies Expenses145 Prepaid Insurance 511 Wages Expense181 Fishing Boat 521 Rent Expense181.1 Accum. Depr-Fishing Boats 523 Office Supplice Expense524 Food Supplice ExpenseLiabilities 525 Telephone Expense202 Account Payable 533 utilities Expense219 Wages Payable 535 Insurance Expense536 pastage ExpenseOwner’s Equuity 542 Depr. Exp-Fishing Boats311 Bob Night Payable312 Bob Night Drawing313 Income SummaryThe following transactions took place during April 20–April1 Night invested cash in the business $90,000.1 Paid insurance premium for camping season, 9,000.2 Paid rent for lodge and campgrounds for the month of April, $40,000.2 Deposited registration fee, $35,0002 Purchase ten fishing boats on account for $60,000. The boats have estimated usefullives of five years, at which time they will be donated to a local day camp. Arrangementwere made to pay for the boats in July.3 Purchase food supplies from Acme Super Market on account, $7,000.5 Purchase office supplies from Gordon Office Supplies on account, $500.7 Deposited registration fee, $38,600.10 Purchased food supplies from Acme Super Market on account, $8,20010 Paid wages to fishing guides, $10,00014 Deposited registration fees, $30,50016 Purchased food supplies from Acme Super Market on account, $9,00017 Paid wages to fishing guides, $10,00018 Paid postage , $150.21 Deposited registration fees, $35,60024 Purchased food supplies from Acme Super Market on account, $8,50024 Paid wages to fishing guides, $10,00028 Deposited registration fees, $32,000.29 Paid wages to fishing guides, $10,00030 Purchased food supplies from Acme Super Market on account, $6,000.30 Paid Acme Super market on account ,$32,700.30 Paid utilities bill, $2,000.30 Paid telephone bill, $1,200.30 Bob Night withdrew cash for personal use, $6,000Adjustment information for the end of April is provided below.a Office supplies remaining on hand, $100.b Food supplies remaining on hand, $8,000.c Insurance expired during the month of April, $1,500.d Depreciation on the fishing boats for the month of April, $1,000.e Wages earned , but not yet paid, at the end of April, $500.Required:1 Enter the above transactions in a general journal. Enter transactions from April 1-5 on pages 1, April 7-8 on page 2, April 21-29 and the first two entries for April 30 on page 3, and the remain entries for April 30 on page 4.2 Post the entries to the general ledger.(if you are not using the working papers that accompany this text, you will need to enter the account titles and account numbers in the general leger accounts).3 Prepare a trial balance on a work sheet.4 Complete the work sheet.5 Prepare the income statement.6 Prepare the statement of owner’s equity7 Prepare the balance sheet.8 Journalize the adjusting entries (page 5)9 Post the adjusting entries to the general ledger.10 Journalize the closing entries (page 5 and 6)11 Post the closing entries to the general ledger.12 Prepare a post-closing trial balance.I need the corrected answers for each Charts ASAP.