PLEASE HELP WITH JOURNAL ENTRIES On January $1,2022,$ Mr$.$ Pane forms Pane in the Glass Window Company with a fiscal year end of December $31,2022.$ On that same day, Pane in the Glass issued $1,500$ shares of $$2$ par common stock for $$100$ per share. The same day, the company purchased a delivery truck for $$40000$ by signing a $5-$year, $6\%$ annual interest rate note payable with a face value of $$40000.$ Interest is payable on the last day of every calendar year. The truck has an estimated useful life of $10$ years and no salvage value.

On January $2$ the company purchased $500$ windows from the manufacturer for $$200$ each and paid in cash. On January $3^{rd}$ the window manufacturer contacted Pane in the Glass and offered to sell an additional $50$ windows for $$180$ each. Mr$.$ Pane accepted the offer and paid cash for the additional windows.

During $2022,$ the company sold $300$ windows on account for $$360$ each. The company uses LIFO inventory valuation and offers a $2-$year warranty on all windows sold. It expects that $10\%$ of the windows will have a problem and that on average each window would cost $$90$ to fix. The company records bad debt expense equal to $1\%$ of credit sales.

The company collects $$86400$ cash from the credit sales. The company also leams that Big $Al,$ who purchased two of the windows, has declared bankruptcy and will not pay for his windows. Mr$.$ Pane decides to write off the accounts receivable related to these two windows.

On November $1,$ Lovers' Lanes Bowling Alley requests that $5$ of their new windows be repaired. The repairs were covered under warranty and the repairs cost $$75$ for each window.

On the December $31,2022,$ Pane in the Glass accrues and pays cash for the interest on the note payable, and records depreciation expense using straight$-$line depreciation.

On January $31,2023,$ Pane in the Glass sold $100$ windows on account for $$380$ each.