During the period ending December 31st, 2014, the newspaper Star of the Lake deposited in its bank account a total amount of $300,000 (plus taxes). These amounts are revenues from printing services.

January 1st, 2014, the unpaid invoices file for printing services amounts to $3,000 due from customers (taxes included).

On December 31st, printing services were delivered for a total amount of $4,100 (including taxes) to customers who did not pay yet.

1- after preparing the analysis table, proceed to report the transactions in T accounts to determine the elements that belong to the financial period of 2014 based on accrual accounting.

2- write the conversion entry in the general journal.