need jornal entry

Appendix 1 Items needing your attention are found below. Prepare, in good form, journal entries to record the transaction or to make a year-end adjusting entry. If no entry is required, identify it by writing "no entry required": 1) Payroll was paid January 30, 2021 and included $3,000 of salary for the previous year end (December 31, 2020). The total paid in salary January 3rd was $5,000. Please prepare the salary journal entry at December 31, 2020. 2) You were talking with the publisher of the textbook and there is an option to purchase 1,000 books for $10/book. You are considering it. 3) Insurance was due on December 1st for $24,000 for coverage starting December 1st and lasting for the next 12 months. No entry was made to record the payment that was made December 31st. 4) The company pre-paid rent for 1 year starting August 1. At that time they paid the landlord $12,000 for the next 12 months of rent. 5) The company purchased a house for $400,000, paying $50,000 in cash and getting a loan for the remainder, December 15th. Land accounted for 25% of the purchase price. 6) When looking at the sales, it was noted that a sale for $5,000 was properly recorded, however the $3,000 of shoe inventory that were sold was not recorded. The company uses the perpetual inventory system. 7) Not recorded was a sale for $15,000 to Mr. Snowpack on December 28. This was missed because he will be paying in 30 days. 8) Looking back on question #1 (above) prepare the journal entry for the salary payment on January 30, 2021. DO NOT post this entry to the December 31 General Ledger TODS MAX89 9) The company incurred $5,000 worth of legal advice December 15th. They will pay the lawyer at a later date. 10) December 30th the owner decided to pay the legal fees from #9 11) Interest revenue was from an investment the company has. It is not a main part of the business. 3 Page Appendix 2 -Trail Balance ASC Trial Balance December 31, 2020 CR Cash DR 50,000 135,000 5,000 12,000 - 1,500 2,000 Accounts receivable Inventory, Safety books Prepaid rent Prepaid Insurance GST receivable Accounts Payable House Land Mortgage Payable Salaries Payable Current portion of long-term debt Long-term debt Manufacturing Equipment Accumulated Depreciation - Man. Equip. Sales Revenue Cost of Goods Sold Office Expense Salary Expense 35,000 125,000 10,000 10,000 359,900 270,000 15,000 68271900 Rent Expense 1,000 5,000 Interest Revenue 7,500 50,000 Common Shares Retained Earnings 100 50,000 589,500 589,500