Use the sheet below to journalize the given transactions.

Transactions	General Journal
	Date	Account Titles	Dr.	Cr.
1. Barney sought additional investors for BroBibs. He issued 2,000 shares of no par value cumulative preferred stock for $10 per share. If dividends are declared during the year, the cumulative preferred stock pays a $1 dividend.	Jan 1
2. Paid $9,000 to a vendor for supplies previously purchased on credit in December 2018.	Jan 1
3A. Delivered 2,500 BroBibs to customers and recognized $10,000 of income from cash already collected. Note: 500 BroBibs have not been shipped.	Mar 1
3B. Also, recognized $2,500 expense associated with sale.
4. In order to deliver directly to customers, Barney purchases a truck for $18,000. The truck has an estimated salvage value of $3000 and an estimated useful life of 5 years.	May 1
5. Inventory is flying off the shelf. Barney purchases $7500 of additional inventory on account.	June 1
6. Shareholders want more family friendly BroBibs upsetting Barneys creative genius. In an effort to have more control of his company, he purchases 1000 treasury (common) shares for $8 per share from a particularly grumpy shareholder- Ted Mosby.	July 1
7A. Free of the particular shareholder, Barney is overcome with creativity and designs a new BroBib- the LEGENDARY; it is an instant hit. He sells 4,000 LEGENDARY BroBibs in one week. Record the expense associated with the COGS.	Oct 31
7B. Record the sale: Of the $16,000 that he earns, he receives 50% payment in cash and 50% on account.	Oct 31
8. Ted and Barney call a truce- Barney reissues 700 treasury shares to Ted for $15 each. Record the transaction.	Dec 31
9. Declared and paid a cash dividend of $2700. Record the transactions for preferred and common shareholders.	Dec 31

Part B [8 points]:

Use the sheet below to prepare adjusting entries.

Transactions	AJE General Journal
	Date	Account Titles	Dr.	Cr.
a. BroBibs estimates that 6% of credit sales will prove uncollectible.	Dec 31
b. Recorded depreciation on the truck. The company uses straight-line depreciation.	Dec 31
c. Recorded first year of amortization on the trademark BroBibs.	Dec 31
d. Recorded rent expense for the year.	Dec 31