Issued 20,000 shares of $1 par value stock for $15 per share.

2.Purchased $90,000 of Office Supplies on account from Office Depot.

3.Bought Machinery for an $700,000 asking price. Nike also paid $20,000 for delivery, $20,000 for installation and $15,000 for training on the proper use of the Machinery. Nike paid Cash.

4.Purchased $200,000 in Raw Material Inventory from supplier in order to manufacture theproducts. Terms 2/10 Net 40 FOB Shipping Point. Nike uses a perpetual inventory system.

5. Five days later, Nike returned 20% of the Raw Materials to the supplier due to defects.

6. Nine days after the original purchase of Raw Materials, Nike pays the supplier the amount due.

7. Paid cash in full to Office Depot for supplies purchased in transaction #2.

8. Nike borrowed $350,000 from Commerce Bank and signed a Note Payable with an interest rate of 5%.

9. Sold $400,000 of merchandise to Academy Sports for Cash. It cost Nike $220,000 to make the merchandise.

10. Nike spent $1,000,000 cash on Research and Development to try to discover a new waterproof material for their clothing line.

11. Nike owns a Building that they paid $900,000 for in 2017. The Accumulated Depreciation on the Building is $500,000. Nike sells the Building for $300,000 cash.

12. Nike purchased the Patent rights to a new manufacturing process for $250,000. Nike issued a Note Payable.

13. Declared a $3 per share Cash Dividend

14. Issued $20,000,000 in Bonds at 3% Coupon Rate. Maturity date of bonds is in 30 years. Interest paid twice a year.

15. Record the first payment of interest on the Bonds.

16. Repurchased 5,000 shares of its own stock on the open market for $25 per share.

17. One of the Nike Outlet Mall stores accepts all major credit cards. During the month of December, Nike sold $70,000 in merchandise and accepted credit cards as payment. Nike is charged a 2.5% fee by the credit card company.

18. Assume Nike Outlet Store has total sales for the month of $700,000 and the sales tax rate is 7.5%.

Can you do adjusting entries for these bellow and use the info above

Of the $90,000 in Supplies bought in Transaction #2, a physical count shows that there are $20,000 of supplies still on hand at the end of the year.

2. Assume the Machinery from Transaction #3 was purchased on 1/1 and will last for 5 years. The estimated salvage value is $40,000. Nike uses the straight-line depreciation method.

3. As of 12/31/20, employees have not been paid for their services performed for the past two weeks of the year.The company owes them $25,000.

4. The Trial Balance shows a balance of $700,000 in Accounts Receivable and a $30,000 debit balance inAllowance for Doubtful Accounts. Upon preparing an Aging Schedule, you estimate that $60,000 will not be collected from the balance due to Nike.

5. In transaction #8, assume the Note Payable was signed on September 1, 2020.

6. Assume the Patent from Transaction #12 has a useful life of 10 years.