Financial Data of Bob's Bacon House Inc. as of January 1, 2018 - Schedule #1
Accounts Payable	200,500
Account Receivable	165,700
Accumulated Depreciation's	350,000
Additional Paid-In Capital	40,000
Allowance for Doubtful Accounts	2,650
Building and Equipment	1,120,000
Cash	45,300
Common Stock, $1 par	544,850
Copyrights	112,000
Customer Deposits (expected to be paid in 2019)	375
Goodwill	225,000
Income Taxes Payable	42,340
Inventories @ $25/unit	315,250
Long-term Investment.	95,630
Deposits With Vendors	47,200
Land	125,000
Mortgage Payable, 3% (paid at $2,780 per month)	667,200
Bonds Payable to Banks, 2% (due 2025)	26,000
Notes Receivable, 1.5% (due 2020)	16,000
Patents	219,335
Retained Earnings	108,980
Trademarks	115,000
Interest Payable	18,520
Notes Payable to banks, due 2022	600,000

1: Finished Goods Inventory purchased from suppliers on account. All purchases and sales are made on credit. Bob's uses FIFO.

2/10/2019 10,000 units @ $26 each; 6/12/2019 15,000 units @ $28 each; 10/23/2019 12,000 units @ $29 each; 11/25/2019 8,000 units @ $30 each

2: Payments made to suppliers on account during 2019 are $1,124,450.

3: Sales made to customers on account are 49,356 units @ $36 each.

4: Cash collected from customers during 2019 is $1,750,700.

5: Interest accrued last year and paid on notes payable and bonds payable amounts to $17,415.

6: Rental income on property leased out is $25,650.

7: Bob's additional operating retail store is in Chicago with an original cost of building and equipment was $120,000 with book value $95,000. During 2019, they disposed of this store at a loss of $35,800.

8: They want an allowance for doubtful debts at 2% on accounts receivable for the year 2019.

9: Selling and admin expense are $128,475. This includes $56,000 in depreciation expense on building and equipment, but exclude bad debt.

10: Issues a public offering of 10,000 common stock shares and received $65,000.

11: Income tax expense was accrued lat year, amount paid in 2018 was $90,500. Income tax is 30%.

Please prepare the 11 journal entries and 4 adjusting journal entries necessary for the above transactions.