need help with Journal Entry

2017 620,000 620,000 410,000 210,000 Comparitive statement of Financial Position December 31, 2018 and 2017 Account 2018 713,000 Sales Revenue Sales discount Net slaes 713,000 Cost of goods sold 471,500 Gross Profit 241,500 Operating exp: Salaries & wages exp. 17,250 Rent expense 11,500 Utility Expense 5,750 Maintenance exp. Dep. Expense (equip. & Build) 57,500 Bad debt exp 4,025 Insurance exp 13,800 Total operating exp. 109,825 Operating income 131,675 Other revenues and expenses: Rent revenue 15,000 10,000 5,000 50,000 3,500 12,000 95,500 114,500 Interest exp. Income before tax 34,500 97,175 30,000 84,500 Income tax exp. Net Income 45,000 52,175 42,000 42,500 2017 Comparitive statement of Financial Position December 31, 2018 and 2017 Account 2018 Current Assets: Cash 100,000 Accounts Receivable 200,000 Inventory 185,000 Prepaid Insurance 24,000 Total current assets 509,000 Long term Investments 250,000 Equipment 500,000 Accumulated depreciation-Equipment (150,000) Total Assets 1,109,000.00 50,000 100,000 125,000 36,000 311,000 80,000 500,000 (100,000) 791,000.00 60,000 Liabilities and sharholders equity Accounts Payable Wages & Salaries Payable Unearned Sales Revenue Income tax payable Total current liabilities Bonds payable Total Liabilities Common shares Retained earnings Total Liabilities and sharholders equity 160,000 75,000 107,500 45,000 387,500 350,000 737,500 100,000 271,500 10,000 42,000 112,000 350,000 462,000 100,000 229,000 1,109,000.00 791,000.00 pun on 2018 Palu Casil Jan 8, they deliver merchandise to customer amount of 107,500 cost of these products are 26,041 Previously ACCT 1115 received cash amount of 107,500 from customer and record it in Dec 18, 2018 in account (Unearned sales revenue) Jan 12, all income taxes owed from last year are paid cash Jan 13, collect from customers 130,207 cash Jan 15, issued common shares for 390,620 cash Jan 16 purchased merchandise for 273,434 from ABC co., term 3/20, n/45. FOB destination. 3% discount if paid in 20 days Jan 21 returned merchandise to ABC co amount of 13,021 Jan 28 paid the amounts owed to ABC co. Jan 31 paid utilities 6,510 cash Pan 31 paid salaries 10,417 cash Feb 2 sold merchandise of 156,248 cost of those goods was 104,165 ACCT 1115 used perpetual inventory system Feb 12 sold merchandise of 78,124 to XYZ co., term 2/10, n/30. FOB shipping point. cost of those goods was 52,083 2% discount if received in 10 days March 1, XYZ paid their account in full Apr 1 paid rent for the months Jan-Mar amount of 3,906 Apr 15, purchased merchandise for cash 260,413 May 1 borrow from a local bank 130,207 by signing a 12% 12 note payable Aug 1, they paid for one-year rent amount of 15,625 Aug 31, paid cash for maintenance and cleaning the building 6,510 Sep 1. paid in salaries 19,531 Sep 30, they rent part of their building to a local business and collect one year rent in advance amount of 31,250 for 12 months Oct 21 sold merchandise on account for 260,413 to BC ltd., cost of those goods was 130,207 Nov 1, Bc Itd., paid 65,103 cash on their account Nov 8 sold merchandise to SK Co., for 273,434 term 2/10, n/30. FOB shipping point. Cost of those goods was 182,289 2% discount if received in 10 days Nov 14, SK paid their account in full Dec 31, paid income taxes amount of 10,000 08-Jan 12-Jan 13-Jan 15-Jan 16-Jan 21-Jan 28-Jan 31-Jan 1 31-Jan 2 02-Feb 13 12-Feb 12-Feb 01-Mar 01-Apr 15-Apr 01-May 01-Aug 31-Aug 30-Sep 30-Sep 21-Oct 5 01-Nov 1 08-Nov 1. Group 2.Data 3.JE 4.GLLT accounts 5.Unadjusted TB 6.Adi Je 31-Aug 30-Sep 30-Sep 21-Oct 01-Nov 1 08-Nov 5 14-Nov 6 31-Dec Dec 31, the note payable and the interest need to be calculated and paid Can be done here or in Adj. JE sheet Interest expenses A 31-Dec Notes Payable Interest expense Cash