On January 1, 2019, the general ledger of Verlander & Company includes the following account balances:

Accounts	Debit			Credit
Cash	$	95,000
Accounts Receivable		44,000
Allowance for Uncollectible Accounts				$	7,000
Inventory		32,000
Building		72,000
Accumulated Depreciation					12,000
Land		202,000
Accounts Payable					22,000
Notes Payable (8%, due in 3 years)					30,000
Common Stock					102,000
Retained Earnings					272,000
Totals	$	445,000		$	445,000

The $32,000 beginning balance of inventory consists of 320 units, each costing $100. During January 2019, the following transactions occurred:

January		2		Received a $22,000 6-month, 6% note on a loan Verlander made to Dodgers, Inc.
January		5		Purchased 3,400 units of inventory on account for $374,000 ($110 each) with terms 1/10, n/30.
January		8		Returned 120 defective units of inventory purchased on January 5.
January		15		Sold 3,200 units of inventory on account for $420,000 ($130 each) with terms 2/10, n/30. Record 2 entries for this transaction.
January		17		Customers returned 200 units sold on January 15. These units were originally purchased by Verlander on January 5. The units were placed in inventory to be sold in the future. Record 2 entries for this transaction.
January		20		Received cash from customers on accounts receivable. This amount includes $38,000 from 2018 plus amount receivable on sale of 2,600 units sold on January 15.
January		21		Wrote off remaining accounts receivable from 2018.
January		24		Paid on accounts payable. The amount includes the amount owed at the beginning of the period plus the amount owed from purchase of 3,000 units on January 5.
January		28		Paid cash for salaries during January, $30,000.
January		29		Paid cash for utilities during January, $12,000.
January		30		Paid dividends, $5,000.

The following information is available on January 31, 2019 for adjusting entries at the end of the month.

1. Of the remaining accounts receivable, Verlander estimated that 10% will not be collected.
2. Accrued interest on notes receivable for January.
3. Accrued interest on notes payable for January.
4. Accrued income taxes at the end of January for $5,200.
5. Depreciation on the building, $2,200.

Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 13) assuming a FIFO perpetual inventory system. Record adjusting entries on January 31. in the 'General Journal' tab (these are shown as items 14-18). Record the closing entries in the 'General Journal' tab (these are shown as items 19 and 20). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)