need help making sure my journal entries are good

Background Information obs199 byla ha In 2020, Sammy Bearkat opened a bicycle manufacturing business named Bearkat Bicycles. Sammy Bearkat, the sole stockholder, invested $50,000 for 10,000 shares of common stock in December. The company currently manufactures and sells racing bicycles for $2,350 to customers in Huntsville, Texas and its surrounding areas. His business has become so successful that Sammy can no longer build the bicycles out of his garage; thus, he has decided to expand his business. To meet demand, he has hired eight employees including a production supervisor, a salesperson, and an administrative assistant. The company has just signed a one-year lease with a local broker for downtown retail space. The company has one order (Job 14) that was started on December 15, 2020 for 3 racing bicycles that are still in process but will be completed in the next month. Bearkat Bicycles uses a manual accounting system and a chart of accounts has been provided. They've received four new orders for racing bicycles, which Bearkat will assign into four jobs as follows: o Job 15: 6 racing bicycles ordered by Morris Masterpieces, Inc. o Job 16:9 racing bicycles ordered by the Amazing Aspen Cyclists. o Job 17: 10 racing bicycles ordered by Robinson Roadsters, Inc. o Job 18: 8 racing bicycles ordered by Barker's Bike Emporium. batailor moodi shingo stro ho 239169 of usmuo buonano blog OG 100291 shta smiast 2020 do svi nosos dolls bosh 219 220 dolnost Jonichons SOS DE visuolo sonsled lshd basebna 90 es vendos on botannsM 2000 toto slutio 21500 s strivende toob bros Bearkat Bicycles Balance Sheet December 31, 2020 Assets 37,453 18,100 2,000 450 1,100 Current assets: Cash Accounts receivable Direct Materials Inventory Indirect Materials Inventory Work in Process Finished Goods Office Supplies Total current assets Property, plant and equipment: Factory Tools Accumulated Depreciation Total property, plant, and equipment Total assets 65 $ 59,168 $ 10,125 (78) 10,047 $ 69,215 8,750 1,250 $ 10,000 $ 10,000 Liabilities Current liabilities: Accounts payable Wages payable Total current liabilities Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 50,000 9215 59,215 $ 69,215 Chart of Accounts Assets 1000 Cash 1100 Accounts Receivable 1250 Direct Materials inventory 1260 Indirect Materials Inventory 1270 Work in Process Inventory 1280 Finished Goods Inventory 1300 Office Supplies 1400 Prepaid Rent 1500 Factory Tools 1510 Accumulated Depreciation Factory Tools 1700 Building 1710 Accumulated Depreciation Building sat e 1900 Land COOL Liabilities 2000 Accounts Payable 2100 Utilities Payable 2300 Wages Payable 2400 Dividends Payable 2700 Notes Payable 21 Stockholders' Equity 3000 Common Stock 3500 Retained Earnings not 3600 Cash Dividends Revenues 4000 Sales Revenue Expenses 5000 Cost of Goods Sold 5500 Factory Overhead 6200 Office Supplies Expense 6300 Rent Expense 6500 Utilities Expense 6600 Wages Expense 6700 Depreciation Expense 6800 Interest Expense January 2021 Transactions: 01 Per the lease agreement, which requires the first three months' rent be paid in o lle advance, Bearkat Bicycles paid $6,600 to Sunset Run Properties to lease 1,000 square feet of retail space. 01 A 10-year note was issued to purchase an existing 3,900 square foot building on an acre of land for $105,000. The value of the land was only $50,000. The building has an estimated useful life of 20 years and a salvage value of $9,400. 02 Raw materials for production totaling $37,500 were purchased on account. Direct materials amounted to $34,400 and indirect materials amounted to $3,100 04 The production department requisitioned materials for the jobs in the following amounts: Requisition No. Job Direct Indirect 20 14 $ 610 $ 15 21 15 $1,425 $ 15 22 16 -$2,400 $ 25 05 Bearkat Bicycles received $16,100 owed from a customer, The Huntsville Hotshots, and deposited this amount into the company's checking account. 05 Paid the accrued payroll from the last two weeks of December 2020. 10 Requisitioned more materials for jobs in progress in the following amounts: Requisition No. Job Direct Indirect 15 $1,860 $ 19 24 16 $2,720 $ 21 25 17 $5,905 $ 25 TE 26 18 $1,420 $ 23 23 15 Invoice for $400 from Huntsville Water & Electric is received and due February 10th. The invoice includes the water and electricity used by Bearkat Bicycles. Assume 58% of the invoice reflects factory use and the other 42% reflects administrative activities. DAN 5551 The company declares and pays a cash dividend of $.39 per share. 20 5