Prepare general journal entries

BPP Company Limited January 1, 2021 ASSETS Current Assets Cash on Hand Checking Account Merchandise Inventory Supplies Prepaid Insurance Total Current Assets 5,000.00 1,000.00 15,240.00 7,200.00 3,500.00 31,940,00 6,000.00 K100.00) 5,900.00 Noncurrent Assets Furniture and Fixtures - Cost Less: Accumulated Depreciation Computers & Equipment - Cost Less: Accumulated Depreciation Building - Cost Less: Accumulated Depreciation Total Property and Equipment Total Assets 9,000.00 (150.00) 8,850.00 288,000.00 K 1.200.00) 286,800.00 301.550.00 333.490.00 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities Unearned revenue 7.950.00 Non-current liabilities Long-Term Notes Payable Total Liabilities 200 000.00 207,950.00 Stockholder's Equity Common stock Retained Earnings 100,000.00 25,290.00 333 240.00 i) Annual depreciation rates are furniture and fixtures (10%); computers & equipment (20%) and building (5%) (Use straight line method) ii) An inventory count on 31 January 2021 shows $600 of supplies on hand. iii) Insurance expires at the rate of $350 per month. iv) At January 31, 2021, APP owe it's employees $3,800 in salaries and wages that will be paid on February 1st, 2021. v) The annual interest rate for the note payable is 7.5%. vi) Unearned revenue represents amount received in advance of providing goods to a customer. When the unearned revenue account was reviewed, it was found that the goods amounting to $7,950 were delivered to the customer on January 15, 2021. vii) Utilities expenses incurred in January 2021 but not paid prior to January 31 totaled $720