Jan 1) Peloton began operation in 2022 and sold $100,000,000 common stocks (10,000,000 shares @ $10 per share). Feb 1) Purchased 100,000 bikes from a manufacturer for $500 each, on account. May 1) Paid off a half of the account payable to the manufacture. June 1) Repurchased 500,000 shares of common stocks @$90 and terminated them. July 1) Issued 100,000 shares of common stocks @$120. Aug 1) Repurchased 500,000 shares of common stocks @$80 and kept as treasury stocks. Oct 1) Sold 20,500 bike packages. The package is priced at $1,500 for a bike (paid immediately in cash) plus membership fee for workout streaming at $30 per month for one year. Membership fees are due at the end of each month for 1-year. A stand-alone price for the bike is $1,800. A membership-only fee is $100 per month with a one-year contract. Bikes were delivered immediately. The cost for Peloton to provide the streaming service is contracted as $2 per month per subscribing member, and Peloton pays the cost in cash at the end of each month and recognizes cost of goods sold. Nov 1) Sold 30,000 stand-alone bikes on account. Delivery was delayed till Feb 2023. Nov 15) Early November, Peloton announced the introduction of membership PLUS starting service from Dec 15. It is a flexible version of the stand-alone membership program costing $150 per month, renewable on a month basis (without a one-year contract). For members signed up before 15st of each month, a monthly fee for the month is charged on 14th of month. For example, for members signed up before Nov 15, the subscription is effective from Nov 15 to Dec 14 and fee is charged on Dec 14. For cancelling members, the service is effective till the nearest 14th and the fee will be charged for the last time on 14th. By Nov 14, 10,000 members signed up for membership PLUS. Dec 14) Charged the membership PLUS fees. Dec 15) By Dec 14, 7,000 members renewed membership plus (the rest 3,000 cancelled) and 2,000 new members signed up (i.e., the total number of PLUS members for the Dec 15-Jan 14 cycle has decreased to 9,000.)

Plz write the journal entries.