can you please help me do journal entries and the adjustments

I THE SAP month end closing function) Instructions for using the SAP ERP system start on page 13 ofthis document Account Balances as of December 31, 2018 Debit Balance $277,518 92,670 Credit Balance 100000 Bank Account 110100 Accounts Receivable (Direct Posting Account) 110150 Allowance for Bad Debts 200600 Inventory-Operating Supplies 200900 Inventory-Raw Materials (Direct Post) 200910 Inventory-Finished Goods (Direct Post) 200920 Inventory-Trading Goods (Direct Post) 210000 Prepaid Insurance 212000 Prepaid Advertising 220110 Land (Direct Post) 220210 Production Machinery, Equip & Fixtures (Dir.Post) 220310 Accumulated Depreciation-Machinery (Direct Post) 300200 Accounts Payable (Direct Posting Account) 300700 Payables-Salaries and Wages 300800 Accrued Expenses Payable 320000 Accrued Tax-Output 329000 Common Stock 329100 Additional Paid-in-Capital 330010 Retained Earnings (Direct Posting) 2,500 8,832 52,000 281,298 66,474 5,000 1,100 425,000 915,000 305,000 48,000 94,313 1,200 3,000 1,000,000 52,870 618,009 Descipilon of Event Employees are paid monthly on the first business day of the month for work done in the previous month. (Ignore payroll taxes for this assignment.) Accounting wrote and distributed the paychecks 1 January 3 GBl received $60,000 in safety product inventory and $40,000 in raw materials from Dallas Bike Basics. This inventory was ordered on December 28. The payment terms for the invoice total of $100,000 are net 10 days. GBI paid the CWX shipping company $500 with a manual check for the shipment of the goods. The bill of lading showed that the safety product inventory arrived in 6 boxes with a total weight of 50 lbs, and the raw materials came on a 2 pallet and weighed 60 lbs Shipping charges are allocated based on weight Windy City Bikes in Chicago, IL ordered $22,000 of bicycle accessories from GBI. The cost of the accessories (to GBI) is $15,000. The goods were shipped to Windy City immediately via UPS using Windy City's UPS shipping number. The terms of payment for Windy City's order are 3/10 net 30 days 4 January 7 GBI received payment of S14,000 from Northwest Bikes in Seattle, WA for the balance due on their account GBl's account on the utility company website is updated at the end of each month when the meter is read. GBl uses this data to accrue the expenses at the end of each month (in this case on December 31st) This allows recognition of the expense in the correct period. Expenses are usually accrued at the end of the month as "Accrued Expenses" GBI paid the December utility bill via the company's automatic electronic bill pay progranm 5 January 10 GBI's advertisement in the English language edition of Italian Cycling Journal was published today. This ad was prepaid at the end of July for six months of advertising, August through January (Five months of advertising have already been used.) The nffic 7 T BIT ERP 2019 Spring Protected View Saved to this PC Layout References Mailings Review View Help Tell me what you want to do the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing "Production Machinery, Equipment and Fixtures GBI paid an invoice from Lightbulb Accessory Kits for ordered goods that were received on December 20. The amount of the invoice from Lightbulb is $15,890 due net 30. The city of Denver will be hosting a decathlon at the end of February. The event is expected to create demand for high quality bikes. Rocky Mountain Bikes in Denver, CO placed an order with GBl for $128,000 worth of bicycles to be delivered immediately Rocky Mountain will pay the shipping. The bikes cost GBI $78000. GBl shipped the order immediately so that Rocky Mountain can start promoting the bikes. Because Rocky Mountain is a good customer, GBI is giving them special terms of net 45 days on this order 12 January 17 13 GBl received raw materials inventory ordered from Space Bike Composites January 11. Shipping charges of $600 were included in the invoice from Space Bike 14 GBI received notice that Bunky's Bicycle Emporium had declared section 13 bankruptcy which meant GBI would not be able to collect the S3,350 that Bunky's owed them GBI received a $90,000 funds transfer from Silicon Valley Bikes in Palo Alto for the balance due on their account. 15 16 January 18 GBl paid Staples for the office supplies they received January 11 17 January 19 Lanuan i0 SoCal Bikes in Irvine, CA placed an order for $2500 in bicycle helmets for a special event in February. The merchandise cost GBI $1,300 SoCal sent a truck to the GBI distribution center in San O SAP AG Page 10 LlOE IN an ERP_2019 Spring HelpTell me what you want to do Protected View Saved to this PC stephanie hernand Layout References Mailings Review View OVIEW Be careful -files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Diego, CA and picked up the merchandise directly from GBI'S warehouse. Terms of payment are net 30. (Don't forget to charge sales tax of 6.00% for this order.) Beantown Bikes in Boston, MA placed an order with GBI for $27,000 in bicycles. The cost of the bicycles is $17,000. Beantown Bikes is a new customer. Its buyers saw GBl's booth at a trade show Because Beantown is a new customer, they must either wait until their credit can be approved or pay for the order before GBI will ship the bikes to them GBI has been offered the opportunity to advertise in the Bicycle Times online magazine for a reduced price if they pay for three months in advance. In light of the upcoming Tour de France, the advertising is a great opportunity for GBI to get additional recognition. The advertising will start in February GBI wrote a check for $9,000 for three months of advertising GBI received notification from their bank that Beantown Binkes had 19 January 24 20 January 25 21 January 26 transferred funds into their account for their prior order, so GBI's warehouse personnel shipped Beantown's order Beantown will be responsible for paying Fed-X $400 for shipping the order The county approved GBI's building plans for their new warehouse Estimated building costs are $1,100,000 which will be funded via a mortgage from Bank of America. GBl plans to break ground on the new building April 18th of this year GBI sent a 31,000 check to Night Rider Aluminum Products for an order of bicycle parts GBI received December 30th 22 January 27 23 Big Apple Bikes in New York City is expanding to another location in New York and needs to stock the new location GBIl received a phone order from Big Apple for $230,000 in bicycles and S108,500 n bicycle accessories and safety gear at special discount prices. The cost of the bicycles in this order is $170000 and the cost of the accessories is $65,000 Big Apple will have a contract trucking company pick up the order when it is ready. The order is sent to GBI's warehouse for picking and packing, which may take a couple days. Payment terms to Big Apple for this order are net 30 GBl pays sales tax once a quarter via the state's electronic filing and payment system. GBl filed its return and paid its sales tax for the quarter ending December 31 24 25 January 31 words e here to search GBl paid February's rent of $4,000 for the office and warehouse space in San Diego. 26 CSI installed and tested the new barcode system. The warehouse manager approved the installation and commented that she thinks it works great. GBI wrote a check to CSI for the balance owed and gave it to the installer. 27 SAP AG Page 11 CASE STUDY Big Apple's truck armved at GBI's warehouse and picked up the order from January 27th 28 Adjustment information as of January 31, 2019 not already given in the original