10 Journal entries i took a picture of the "transaction list" to make it easier please help thank you!

Grid hon Prep incorporated (GIP) is a service business incorporated in January of the current year to provide personal training for athietes aspiring to play college football. The following transactions occurred during the month ended January 31. a. GiPl issued stock in exchange for $110,000 cash on 1/01 b. GIPI purchased a gymnaslum bullding and gym equipment on 1/02 for $51,000,80% of which related to the gymnasium and 20%6 to the equipment. c. GiPI paid $300 cash on 103 to have the gym equipment refurbished before it could be used. d. GiPl provided $5,000 in training on 1/04 and expected collection in February. e. GIPI collected $37,000 cash in training fees on 1/10, of which $34,500 related to January and $2,500 related to February. f. GIPI paid $23,500 of wages and $6,000 in utilities on 1/30. g. Gipl will depreciate the gymnaslum building using the straight-line method over 10 years with a residual value of $2,500, Gym equipment will be depreclated using the double-declining-balance method, with an estimated residual value of $2,000 at the end of its four-year useful life. Record depreciation on 1/31 equal to one-twelth the yearly amount. h. GIPI recelved a bill on 131 for $170 for advertising done on 1/31. The bill has not been paid or recorded. 1. GiPl uses the aging method for estimating doubtful accounts and, on 1/31, will record an estimated 3 percent of its under-30-day-old accounts as not collectible. 1. GlPfs income tax rate is 30%. Assume depreciation for tax is the same amount as depreciation for financial reporting purposes. Journal entry worksheet 3 5 6 7. 8 GIPI issued stock in exchange for $110,000 cash on 1/01. Record the transaction. Note: Enter debits before credits. field. Round your final answers to the nearest whole dollar amount.) (2) GIPI purchased a gymnasium building and gym equipment on 1/02 for $51,000,80% of which related to the gymnasium and 20% to the equipment. Record the transaction. GIPI paid $300 cash 1/03 to have the gym equipment refurbished before it could be used. Record the transaction. GIPI provided $5,000 in training on 1/04 and expected collection in February. Record the transaction. GIPI collected $37,000 cash in training fees on 1/10, of which $34,500 related to January and $2,500 related to February. Record the transaction. Note : = journal entry has been entered GIPI paid $23,500 of wages and $6,000 in utilities on 1/30. Record the transaction. (7) GIPI will depreciate the gymnasium building using the straight-line method over 10 years with a residual value of $2,500. Gym equipment will be depreciated using the double-declining-balance method, with an estimated residual value of $2,000 at the end of its four-year useful life. Record depreciation on 1/31 equal to one-twelfth the yearly amount. Record the transaction. 8 GIPI recelved a bill on 1/31 for $170 for advertising done on 1/31. The bill has not been paid or recorded. Record the transaction. 9 GIPI uses the aging method for estimating doubtful Note: = journal entry has been entered field. Round your final answers to the nearest whole dollar amount.) resiauat value or $,400 at the ena or its rour-year userui life. Record depreciation on 1/31 equal to one-twelfth the yearly amount. Record the transaction. 8 GIPI received a bill on 1/31 for $170 for advertising done on 1/31. The bill has not been paid or recorded. Record the transaction. 9 GIPI uses the aging method for estimating doubtful accounts and, on 1/31, will record an estimated 3 percent of its under-30-day-old accounts as not collectible. Record the transaction. 10 GIPI's income tax rate is 30%. Assume depreciation for tax is the same amount as depreciation for financial reporting purposes. Record the transaction. Note : = journal entry has been entered Use the dropdowns to select the appropriate accounts to be reported on the income statement. However, you will need to caiculate and enter the amount of the Income before Income Tax Expense and net income or loss for the period. (Round your final answers to the nearest whole dollor amount.) Prepare the statement of retained earnings for the month ended January 31 . You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. (Round your final answers to the nearest whole dollar amount.) Use the dropdowns to select the appropriate accounts to be reported on the balance sheet. However, you will need to enter the amount for Accounts Receivable (net of Allowance for Doubtful Accounts), Bulldings and Equipment (net of Accumulated ur final answers to the nearest whole dollar amount.)