The following selected transactions relate to liabilities of Chicago Glass Corporation for 2018. Chicago's fiscal year ends on December 31.

1. On January 15, Chicago received $7,300 from Henry Construction toward the purchase of $69,000 of plate glass to be delivered on February 6.
2. On February 3, Chicago received $7,000 of refundable deposits relating to containers used to transport glass components.
3. On February 6, Chicago delivered the plate glass to Henry Construction and received the balance of the purchase price.
4. First quarter credit sales totaled $730,000. The state sales tax rate is 4% and the local sales tax rate is 2%.

Required:

Prepare journal entries for the above transactions.