i need help with journal entries and adjusting entries

Sheridan Company's balance sheet at December 31, 2021, is presented below. Cash Inventory Prepaid Insurance Equipment 2. 3. 4. 5. 6. Adjustment data: 8. During January 2022, the following transactions occurred. (Sheridan Company uses the perpetual inventory system.) Sheridan paid $220 interest on the note payable on January 1, 2022. The note is due December 31, 2023. Sheridan purchased $229,768 of inventory on account. Sheridan sold for $387,200 cash, inventory which cost $233,200. Sheridan also collected $25,168 in sales taxes. Sheridan paid $202,400 in accounts payable. Sheridan paid $14.960 in sales taxes to the state. Paid other operating expenses of $26.400. On January 31, 2022, the payroll for the month consists of salaries and wages of $56,000. All salaries and wages are subject to 7.65% FICA taxes. A total of $7,840 federal income taxes are withheld. The salaries and wages are paid on February 1. 9 10 11. (a) SHERIDAN COMPANY Balance Sheet December 31, 2021 $26.400 27,060 5,280 33,440 $92,180 1. Accounts Payable Interest Payable Notes Payable Owner's Capital $12,100 220 No. Account Titles and Explanation 44,000 35.860 $92,180 Interest expense of $220 has been incurred in January on the notes payable. The insurance for the year 2022 was prepaid on December 31, 2021. The equipment was acquired on December 31, 2021, and will be depreciated on a straight-line basis over 5 years with a $1,760 salvage value. Employer's payroll taxes include 7.65% FICA taxes, a 5.4% state unemployment tax, and an 0.6% federal unemployment tax. Prepare journal entries for the transactions listed above and the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) 4 Debit Credit

Sheridan Company/s balance sheet at December 31.2021. is presented below. During January 2022 , the following transactions occurred. (Sheridan Company uses the perpetual fiventory system) 1. Sheridan pali $220 interest on the note payable on fanuary 1,2022 Mie notels due December 31,2023 2. Sheridan purchased $229.768 ofinventory on account. 3. Sheridan sold for $387,200 cash, imventory which cost $233,200. Sheridsn also collected $25,108 in sales taxes. 4. Sheridanpald $202,400 in accounts payable 5. Sheridan paid $14,960 in sales tacos to thestate. 6. Paid other opsrating expenses of $26,400 7. On January 31,2022 , the parroll for themonth consists of salaries and wages of $56.000. Al salarles and wages are subject to 7.65\% FICA taves. A total of $7,840 federal income taves are withheld, The salaries and wages are paid on February 1. Ad)ustment data: 9. The insurance for the year 2022 was prepsid on Cbamber 31,2021 S1,760salver value. (a)