Account titles	Debit	Credit
Cash	41,938
Accounts receivable	115,200
Allowance for doubtful accounts		3450
Inventory	55,500
Prepaid insurance	13,000
Land	101,500
Buildings	378,500
Accumulated depreciation - buildings		94,625
Equipment	165,000
Accumulated depreciation - equipment		61,875
Notes payable (6% per annum)		31,000
Accounts payable		1,900
Mortgage payable (8% per annum)		226,550
Common stock (100,000 shares outstanding, $1 par)		100,000
Additional paid-in capital		85,000
Retained earnings		205,000
Sales		500,000
Service revenue		105,500
CGS	260,000
Rent expense	72,000
Wages and salaries expense	162,000
Insurance expense	22,000
Utilities expense	7,200
Interest expense	9,062
Dividends	12,000
Totals	1,414,900	1,414,900

Additional information for adjusting entries:

1. On June 1, Previn paid $13,000 for an 8-month insurance policy that will expire January 31 of the coming year.

2. On August 1, Previn prepaid $24,000 for a 12-month rental agreement on a warehouse. The rental agreement became effective on October 1. No other rent was prepaid.

3. In November, Previn received a payment of $22,000 in advance from a customer for work to be completed over a six-month period. By year-end, one-fourth of the work had been completed.

4. Bad debts (uncollectible accounts) are estimated to be 5% of total accounts receivable.

5. The net realizable value of inventories at year end was determined to be $54,000.

6. Depreciation on all depreciable assets is on a straight-line basis with no salvage value considered. The buildings have an estimated useful life of 20 years; equipment has an average estimated useful life of 8 years.

7. The note payable was issued on October 1, and will be paid in full, with interest, on March 1 of the coming year.

8. Interest on the mortgage is payable each June 30 on the unpaid principal balance. Thus, interest was last paid and recorded on June 30.

9. Wages and salaries accrued at December 31 amounted to $6,750.

10. Previn is subject to a 21% combined federal and state income tax rate.

Just need journal entries for 1-10