1. Ginvold Co. began operating a subsidiary in on January 1, 2019 by acquiring all of the common stock for $50,000.They named the subsidiary Vingold, Inc.Vingold, Inc.
2. Immediately borrowed $120,000 on a five-year note with ten percent interest payable annually beginning on January 1, 2020Vingold, Inc.
3. Purchased a building for $170,000. (This property had a ten-year anticipated life and no salvage value and was to be depreciated using the straight-line method.)
4. Vingold, Inc. rented the building for three years to a group of local doctors for $6,000 per month.
5. In February, Vingold, Inc. purchased $50,000 of Widgets for resale.The seller gave the company short term credit with terms of Net due in 90 days.In March,
6. Vingold, Inc. sold $40,000 of the Widgets at a total price of $60,000 on terms of net due in 31 days.
7. In April, Vingold, Inc. received payment for the Widgets that they sold in MarchVingold, Inc. paid the balance due from the February purchase of the widgets
8. On October 1, Vingold, Inc. paid $5,000 for a building repair made on that date.
9. By year-end, payments totaling $60,000 in rental payments had been received from the doctors.
10. A cash dividend of $6,000 was transferred back to Ginvold on December 31, 2019.Other adjusting entries?

Provide Journal entries for above mention steps