How would you write these journal entries?

Balance Sheet
May 31, 2019
Assets
Cash			$ 62,000
Accounts receivable	$ 129,000
Allowance for doubtful accounts	(10,300)
Accounts receivable, net			118,700
Interest receivable			4,000
Inventories			110,000
Prepaid insurance			20,300
Total Current Assets			315,000
Investment in SeBASS Bonds (AFS)			398,000
Property, Plant and Equipment, gross	$ 1,670,000
Accumulated depreciation	(864,000)
Property, Plant and Equipment, net			806,000
Total Assets			$ 1,519,000
Liabilities and Shareholders' Equity
Accounts payable			$ 87,500
Salaries payable			17,000
Dividends payable			2,600
Total Current Liabilities			107,100
Long-term note payable			450,000
Total Liabilities			557,100
Common stock, no par			375,000
Retained Earnings			691,900
Accumulated Other Comprehensive Income			(2,000)
Treasury stock			(103,000)
Total Shareholder's Equity			961,900
Total Liabilities and Shareholder's Equity			$ 1,519,000

1. Employee wages of $350,000 were earned and paid during fiscal 2020. In addition, during June 2019, DFC paid wages owed from the prior year. Unpaid wages for Fiscal 2020, which will be paid in June 2020, amount to $22,200.