On January 1, they had to borrow $550,000 from Watauga Bank making a 6% note payable due in 2 years.

On January 1, they had to pay $1,050 for the coliseum trademark.

On January 2, stock was purchased in the amount of $27,250 that they plan to keep for long-term growth potential, at least more than a year.

On January 5, the venue signed all event contracts for the year. The venue is year-round with 25 events days each month. Event bookings for the year totaled $1,260,000.

On January 5, the Coliseum advertised for 20 events in January, 25 events in February, and 15 events in March for a total of $3,000.

On January 31, dividends were declared and paid for $4,340.

please prepare the journal entries