Grid Iron Prep Incorporated $($GIPI$)$ is a service business incorporated in January of the current year to provide personal training for athletes aspiring to play college football. The following transactions occurred during the month ended January $31.$

a$.$ GIPI issued stock in exchange for $$120,000$ cash on $\frac{1}{01}.$

b$.$ GIPI purchased a gymnasium building and gym equipment on $\frac{1}{02}$ for $$52,000,80\%$ of which related to the gymnasium and $20\%$ to the equipment.

c$.$ GIPI paid $$400$ cash on $\frac{1}{03}$ to have the gym equipment refurbished before it could be used.

d$.$ GIPI provided $$6,000$ in training on $\frac{1}{04}$ and expected collection in February.

e$.$ GIPI collected $$38,000$ cash in training fees on $\frac{1}{10},$ of which $$35,000$ related to January and $$3,000$ related to February.

f$.$ GIPI paid $$24,500$ of wages and $$6,000$ in utilities on $\frac{1}{30}.$

g$.$ GIPI will depreciate the gymnasium building using the straight$-$line method over $10$ years with a residual value of $$3,000.$ Gym equipment will be depreciated using the double$-$declining$-$balance method, with an estimated residual value of $$2,500$ at the end of its four$-$year useful life. Record depreciation on $\frac{1}{31}$ equal to one$-$twelfth the yearly amount.

h$.$ GIPI received a bill on $\frac{1}{31}$ for $$260$ for advertising done on $\frac{1}{31}.$ The bill has not been paid or recorded.

i$.$ GIPI uses the aging method for estimating doubtful accounts and, on $\frac{1}{31},$ will record an estimated $3$ percent of its under$-30-$day$-$old accounts as not collectible.

j$.$ GIPI's income tax rate is $30\%.$ Assume depreciation for tax is the same amount as depreciation for financial reporting purposes.

Prepare journal entries to record the transactions and adjustments listed in $($a$)$ to $($j$).$ Review the accounts as shown in the General Ledger and Trial Balance tabs$.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar amount.$)$