can you help me with my journal entries?

B C January 1: Pane purchases inventory on account to make stained glass windows. The inventory is shipped the same day. The contract has terms of 2/10, n/30. The goods were purchased under the shipping terms of FOB Shipping Point Inventory Cost Shipping Cost $95,000 $400 January 1: Pane rents some of their extra warehouse space to a tenant for $500/mo. At the beginning of the month, the tenant pays for 18 months of rent. The tenant first occupied the property on January 1 of the current year. $9,000 Total Rent Paid January 1: Pane purchased a one year insurance policy with coverage beginning on April 1. $34,000 Insurance Policy January 9: Pane pays for the inventory purchased in transaction A. February 1: Pane makes sales of on account. Sales on account Cost of Goods Sold $400,000 $20,000 March 1: Pane purchases additional inventory on account to make stained glass windows. The goods were purchased under the shipping terms of FOB destination. The contract has the terms of 1/10, n/30. $12,000 Inventory Purchased April 1: Pane pays for the inventory purchased in transaction F. July 1: Pane pays cash for a patent that will allow them to produce a revolutionary new window for boats and other marine vehicles called "T-Panes". $25,000 Cost of Patent Remaining legal life of patent (in years) 20 July 28: Pane issued shares of common stock 400 Number of shares Par Value $1 $25 Price Per Share July 31: Pane sells window panes to customers. Some customers paid in cash, others purchased their goods on account. Pane uses the perpetual method to track their inventory. Cash Sales Sales on account 26,000 145,000 9,870 Cost of Goods Sold August 6: Pane purchases land with cash. At the time of purchase, Pane also had to pay for survey fees and costs to demolish a build Cost of Land Demolish Building Survey Fees $345,000 $2,000 $300 November 1: Pane lends one of their employees cash in exchange for a note receivable. The employee is required to pay Pane back for the principal and interest on May 1, 2020. Principal Interest Rate Maturity Date $10,000 7% 5/1/2019 November 15: Pane sells additional goods to customers on account. Sales on account Cost of Goods Sold $75,000 $6,500 December 1: Pane purchases a piece of machinery with cash that will assist in making "T-Panes" Cost of Machinery Installation Fees Transportation Costs $200,000 $500 $1,000 December 10: Pane collects a portion of their accounts receivable Amount collected $38,000 Q December 18: Pane sold a piece of their equipment. Sale Price Equipment Historical Cost Accumulated Depreciation for this equipment $15,000 $60,000 $51,000 Dehn 1. nanthin their inte R December 31: Pane paid the IRS their 2019 income tax. $2,000 Income Tax Paid IS On December 31, Pane paid cash dividends of $8,000 to its shareholders. T The payroll information for the year is shown below. All salaries and wages were previously paid for in cash, however this activity has not been recorded on Pane's books. Number of Employees Daily wages per employee Days worked in the current year 8 $160 300 U On December 31, Pane was notified that one of their customers filed bankruptcy and would not be able to pay off their $1,000 accou STOP: Post each of the preceding journal entries to the appropriate T-Accounts before preparing the adjusting journal e Year-End Adjusting Entries: 1 Recognize rent revenue for the year. Recognize the expiration of the prepaid insurance policy. 2 3 Recognize the interest earned on the note receivable issued. 4 Record bad debt expense for the year, assuming uses 1.5% of accounts receivable to estimate their uncollectible accounts. 5 Depreciation Expense for the year is $11,000 3 Amortization Expense for the year is 4,000