Record the general journal entries for the following transactions.

Part I: Pharrell Company provides home decoration for local motels/hotels. The following transaction occurred during 2018: January 1- Purchased a new machine for $45,000 cash. February 15 - Purchased supplies on account for $4,000 Mar. 5 - Paid $1,000 cash for supplies purchased on Feb. 15 April 1 - Received $26,000 cash in advance for services to be performed monthly over the coming year April 20- Purchased land and a building for $68,000 ca April 30-Th company for $450 May 1-Borrowed $55,000 cash from the bank with annual interest rate of 3.5% May 30- Purchased inventory costing $9,800 on account from Harris Com n/30. The merchandise was delivered FOB shipping point. Freight costs of $200 were paid in cash. June 1- Returned S1,800 of the inventory that it had purchased was damaged in transit. The seller agreed to pay the return freight cost June 5- Paid the amount due on its account payable to Harris Company June 20- Sold inventory to Customer X that had cost $4,000 for $6,300. The sale was on account under terms 3/10, n/45 August 4- Collected the amount due on accounts receivable from the June 20th sal October 1-Sold inventory to Customer V that had cost $950 for S2.700 cash. Sales tax of 7% is collected. (Sales& Cost of goods sold entries) November 10- Sold the land and building for $63,000 cash December 31- Took a physical count indicating that $2,500 of inventory was on hand at the end of the accounting period. December 31- Recognized services that were performed over the year. (See April 1) December 31- Recognized accrued interest for the year on the $55,000 borrowed from the bank. (See May 1) December 31- Adjusted the records to reflect the use of the machine purchased on January 1 sh. (The building was valued at $25,000) e bank statement for April included the collection of a note receivable for th pany under terms 2/10 on May 30 because the inventory 2013. The machine has an expected life of five years and an estimated salvage value of $5,000 Use straight-line depreciation. December 31- Using previous sales data, Williams Company estimated their warranty claims to be 1 % of total sales ($ 10,000). December 31- During the year, they paid $120 to fix defective merchandise of which customers filed warranty claims December 31-Estimate uncollectible accounts to be 4% of receivables, which totaled $16,000 Prepare the journal entries for these transactions. DATE ACCOUNTS DEBIT CI