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	The following information pertains Gordon Food Services.
	Gordon Food Services sells food to restaurants.
	Cash								20,000
	Accounts Payable							20,000
	Accounts Receivable						100,000
	Retained Earnings							7,000
	Supplies								7,000
	Notes payable (4%, due in 8 years. Interest payable December 31, 2023).	100,000
	Contributed Capital						10,000
	Property, Plant & Equipment						8,000
	Other Assets							18,000
	Other Liabilities							16,000
	The following transactions or events occurred during the year:
A.	On December 31, 2023 Gordon Food Services paid dividends to shareholders of $2,000.
B.	Interest on note payable was paid on schedule.
C.	Yearly insurance of $2,000 was paid on April 30, 2023. It covers May 1, 2023 -April 30, 2024.
D.	The company sells 5 truck loads of goods a week. Each truck load is $15,000.
	Record the yearly revenue for Gordon Food Services. At year end 15% of this revenue is still owed from customers
	the other 85% was paid in cash.
E.	Sysco Food Service has larger trucks so their truck loads carry $20,000 worth of goods a week.
F.	The Company made payment to suppliers of $10,000
G.	The Company received payments from customers of $54,000.
H.	The Company had used $5,000 worth of supplies throughout the year.
I.	Salaries for the year were $180,000.
Required:
1.	Prepare journal entries for the above noted transactions
2.	Prepare an Income Statement, Statement of Retained Earnings and Classified Balance
	sheet for the year ended December 31, 2023.

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