Please help with adjusting entries. I did the journal entries already. Total adjusting entries should be 122,002

		General Journal
Journal Entry #	Account #	Account Name	Debit	Credit
1	300700	Payables-Salaries and Wages	94,313
	100000	Bank Account		94,313
2	200920	Inventory-Trading Goods (Direct Post)	60,227
	200900	Inventory-Raw Materials (Direct Post)	40,273
	300200	Accounts Payable (Direct Posting Account)		100,000
	100000	Bank Account		500
3	110100	Accounts Receivable (Direct Posting Account)	22,000
	600000	Sales Revenue		22,000
	780000	Cost of Goods Sold	15,000
	200910	Inventory-Finished Goods (Direct Post)		15,000
4	100000	Bank Account	14,000
	110100	Accounts Receivable (Direct Posting Account)		14,000
5	300800	Accrued Expenses	1,200
	100000	Bank Account		1,200
6	741900	Advertising Expense	1100
	212000	Prepaid Advertising		1100
7	200600	Inventory-Operating Supplies	432
	300200	Accounts Payable (Direct Posting Account)		432
8		NO Journal Entries
9	100000	Bank Account	21,340
	610000	Sales Discount	660
	110100	Accounts Receivable (Direct Posting Account)		22,000
10	300200	Accounts Payable (Direct Posting Account)	100,000
	100000	Bank Account		100,000
11	216000	Deposits on Purchases	2,000
	100000	Bank Account		2,000
12	300200	Accounts Payable (Direct Posting Account)	15,890
	100000	Bank Account		15,890
13	110100	Accounts Receivable (Direct Posting Account)	128,000
	600000	Sales Revenue		128,000
	780000	Cost of Goods Sold	78,000
	200910	Inventory-Finished Goods (Direct Post)		78,000
14	200900	Inventory-Raw Materials (Direct Post)	75,000
	742100	Shipping Expense	600
	300200	Accounts Payable (Direct Posting Account)		75,600
15	110150	Allowance for Bad Debts	3,350
	110100	Accounts Receivable (Direct Posting Account)		3,350
16	100000	Bank Account	90,000
	110100	Accounts Receivable (Direct Posting Account)		90,000
17	300200	Accounts Payable (Direct Posting Account)	432
	100000	Bank Account		432
18	110100	Accounts Receivable (Direct Posting Account)	2,650
	600000	Sales Revenue		2,500
	320000	Accrued Tax Output		150
	780000	Cost of Goods Sold	1,300
	200920	Inventory-Trading Goods (Direct Post)		1,300
19		NO Journal Entries
20	212000	Prepaid Advertising	9,000
	100000	Bank Account		9,000
21	100000	Bank Account	27,000
	600000	Sales Revenue		27,000
	780000	Cost of Goods Sold	17,000
	200920	Inventory-Trading Goods (Direct Post)		17,000
22		NO Journal Entries
23	300200	Accounts Payable (Direct Posting Account)	31,000
	100000	Bank Account		31,000
24		NO Journal Entries
25	320000	Accrued Tax Output	3,000
	100000	Bank Account		3,000
26	215000	Prepaid Rent	4,000
	100000	Bank Account		4,000
27	220210	Production Machinery, Equip & Fixtures (Dir.Post)	7,300
	216000	Deposits on Purchases		2,000
	100000	Bank Account		5,300
28	110100	Accounts Receivable (Direct Posting Account)	338,500
	600000	Sales Revenue		338,500
	780000	Cost of Goods Sold	235,000
	200920	Inventory-Trading Goods (Direct Post)		170,000
	200910	Inventory-Finished Goods (Direct Post)		65,000

Account Balances as of December 31, 2018 Debit Balance $277,518 92,670 Credit Balance 100000 110100 110150 200600 200900 200910 200920 210000 212000 220110 220210 220310 300200 300700 300800 320000 329000 329100 330010 Bank Account Accounts Receivable (Direct Posting Account) Allowance for Bad Debts Inventory-Operating Supplies Inventory-Raw Materials (Direct Post) Inventory-Finished Goods (Direct Post) Inventory-Trading Goods (Direct Post) Prepaid Insurance Prepaid Advertising Land (Direct Post) Production Machinery, Equip & Fixtures (Dir.Post) Accumulated Depreciation-Machinery (Direct Post) Accounts Payable (Direct Posting Account) Payables-Salaries and Wages Accrued Expenses Payable Accrued Tax- Output Common Stock Additional Paid-in-Capital Retained Earnings (Direct Posting) 2,500 8,832 52,000 281,298 66,474 5,000 1,100 425,000 915,000 305,000 48,000 94,313 1,200 3,000 1,000,000 52,870 618,009 Adjustment information as of January 31, 2019 not already given in the original transaction(s): 1. Based on prior experience, GBI estimates that approximately 2 % of the accounts receivable balance will become bad debt. GBl writes off bad debts as they occur and recognizes bad debt expense based on analyzing accounts receivable as an adjusting entry each month. 2. As a control measure, physical inventories are taken on a periodic basis alternating between the raw materials inventory, finished goods inventory and trading goods inventory. Physical inventory of the finished goods inventory was taken at the end of January. It was determined that the value of the finished goods merchandise on hand was $17,000 3. GBI counted the office (operating) supplies on hand after the close of business on the last day of the month and determined the cost of the unused office supplies to be $1000. 4. Production Machinery, Equipment and Fixtures were placed in service on January 1, 2014, with an expected service life of 15 years and no salvage value. The bar-code system has a 5-year life and no salvage value. GBl depreciates fixed assets on a straight-line basis and those assets acquired in the first half of the months are depreciated for the entire month, while fixed assets placed in service during the last half of the month are not depreciated until the second month. Depreciation is rounded to the nearest dollar and assets are depreciated on a monthly basis (i.e. number of days in the month is not of consequence) 5. GBl used the Internet to review the monthly charges for utilities the business consumed during January. Based on the Internet report, the amount to be billed by the utilities company for January usage is the same as was billed for December. 6. Liability insurance for the six-month period ending on February 28, 2019 was paid last September on the first of the month. Liability insurance is assumed to be utilized uniformly over the six-month policy period 7. GBl needs to recognize the wages expense for the month. Since all employees are paid salaries and no changes have been made, this amount is the same as the previous month salaries. (For purposes of this assignment, ignore manufacturing and assume all labor costs will be expensed.)