Need help filling out the general journal, I have attached the instructions for the 14 journal entries i need to make below.

Item4

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Item 4

On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances:

Accounts	Debit				Credit
Cash	$	12,300
Accounts Receivable		36,200
Inventory		153,100
Land		78,300
Buildings		131,000
Allowance for Uncollectible Accounts					$	2,900
Accumulated Depreciation						10,700
Accounts Payable						29,800
Common Stock						211,000
Retained Earnings						156,500
Totals	$	410,900			$	410,900

During January 2021, the following transactions occur:

Journal entries 1-7 are below and need to be completed

January 1		Borrow $111,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2,146 are required at the end of each month for 60 months.
January 4		Receive $32,100 from customers on accounts receivable.
January 10		Pay cash on accounts payable, $22,000.
January 15		Pay cash for salaries, $30,000.
January 30		Firework sales for the month total $200,800. Sales include $66,100 for cash and $134,700 on account. The cost of the units sold is $118,000.
January 31		Pay the first monthly installment of $2,146 related to the $111,000 borrowed on January 1. Round your interest calculation to the nearest dollar.

Next is journal entries 8-14

8. Depreciation on the building for the month of January is calculated using the straight-line method. At the time the building was purchased, the company estimated a service life of 10 years and a residual value of $26,600.

9. The company estimates future uncollectible accounts. The company determines $4,100 of accounts receivable on January 31 are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 2% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.)

10. Unpaid salaries at the end of January are $27,200.

11. Accrued income taxes at the end of January are $9,100.

12. $19,723 of the long-term note payable balance will be paid over the next year.

13. Prepare the closing entry for revenue

14. prepare the closing entry for expense

Also need to complete the analysis for the same question:

On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Debit $ 12,300 36,200 153, 100 78,300 131,000 Accounts Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals $ 2,900 10, 700 29,800 211,000 156,500 $410,900 $410,900 During January 2021, the following transactions occur: January 1 Borrow $111,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2,146 are required at the end of each month for 60 months. January 4 Receive $32,100 from customers on accounts receivable. January 10 Pay cash on accounts payable, $22,000. January 15 Pay cash for salaries, $30,000. January 30 Pirework sales for the month total $200,800. Sales include $66,100 for cash and $134,700 on account. The cost of the units sold is $118,000. January 31 Pay the first monthly installment of $2,146 related to the $111,000 borrowed on January 1. Round your interest calculation to the nearest dollar. The following information is available on January 31, 2021. a. Depreciation on the building for the month of January is calculated using the straight-line method. At the time the building was purchased, the company estimated a service life of 10 years and a residual value of $26,600. b. The company estimates future uncollectible accounts. The company determines $4,100 of accounts receivable on January 31 are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 2% of these accounts are estimated be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) c. Unpaid salaries at the end of January are $27,200. d. Accrued income taxes at the end of January are $9,100. e. $19,723 of the long-term note payable balance will be paid over the next year. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. View transaction list Journal entry worksheet a. Depreciation on the building for the month of January is calculated using the straight-line method. At the time the building was purchased, the company estimated a service life of 10 years and a residual value of $26,600. b. The company estimates future uncollectible accounts. The company determines $4,100 of accounts receivable on January 31 are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 2% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) c. Unpaid salaries at the end of January are $27,200. d. Accrued income taxes at the end of January are $9,100. e. $19,723 of the long-term note payable balance will be paid over the next year. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Calculate the ratios to the nearest 1 decimal place. Analyze the following for Freedom Fireworks: (a) Calculate the debt to equity ratio. If the average debt to equity ratio for the industry is 1, is Freedom Fireworks more or less leveraged than other companies in the same industry? The debt to equity ratio is: Is the company more or less leveraged than other companies? (b) Calculate the times interest earned ratio. If the average times interest earned ratio for the industry is 20 times, is the company more or less able to meet interest payments than other companies in the same industry? The times interest earned ratio is: Is the company more or less able to meet interest payments than other companies? (c) Based on the ratios calculated in (a) and (b), would Freedom Fireworks be more likely to receive a higher or lower interest rate than the average borrowing rate in the industry?