Answer the following chapter questions: 1. What would be some assets that a hotel may hold? (2pts) 2. What are some liabilities a hotel may have? (4pts) 3. If a guest pays a $200 deposited on a room for their vacation in 6 months, is this an asset or a liability to the hotel? (1pt) 4. What is an electronic folio? How would you describe this to a front desk clerk who just started to use a PMS? (2pts) 5. What is the guest ledger? Give an example of something included in it. Describe how you would post a check for prepayment of two nights room rate. (5pts) 6. What is the city ledger? Give an example of something included in it. Describe how you would post a check for prepayment of a social reception. (5pts) 7. Give examples of the financial transactions that may occur during a guest stay. (3pts) 8. Give examples of the financial transactions in which the nonregistered guest may be involved. (3pts) 9. If you are employed in a hotel that uses a property management system that interfaces with a point-of-sale department, describe the procedure for posting a guest charge or payment. (3pts) 10. Why is careful and accurate posting of charges and payments so important to the night audit? How can a front office manager ensure posting is done correctly? (2pts) TOTAL: 30 points Submit in pdf file.