Petunia Corp. engaged in the following transactions during the month of October. Petunia maintains a periodic inventory system.
a. On 1 October, purchased inventory for resale with an invoice price of $256,000 on account
b. On 1 October, purchased a second-hand vehicle for $25,000. $5,000 was paid down and a one-year 6% note was signed for the remainder.
c. On 10 October, paid the supplier in transaction (a) 25% of the amount owing.
d. On 18 October, the board of directors declared a $20,000 cash dividend on common shares payable on 15 November to shareholders of record on 31 October.
e. On 22 October, received a customer deposit for $3,000 for goods to be delivered in November.
f. Estimated property tax for October is $250.
g. Salaries and wages earned by 2 employees but unpaid on 31 October totalled $7,200.

h. The October electricity bill arrived in the amount of $1,555. It is due in November.
i. Petunia Corp. serves as a loan guarantor for a related company. The loan amount is $100,000. Both Petunia Corp. and the related company’s management believe there is a 0% chance of payout.

Required:
1. Journalize each of the above transactions, including any required month-end adjusting entries, in general journal form. Use a general accounts payable account in journal entries except for loans, interest and dividends payable.
2. State whether any of the liabilities are non-financial.