Hello, please help with completing this general journal. Thank you in advance

Required entry descriptions

Journal entry #1 - Borrow $115,000 from captive credit corporation. The installment note bears interest at 6% annually and matures in five years. Payments of $2223 are required at the end of each month for 60 months. Record the issuance of the long term note payable.

JE #2 - receive $32,500 from customers on accounts receivable

JE #3 - Pay cash on accounts payable $26,000

JE #4 - Pay cash for salaries $30,400

JE #5 - Record the fireworks sale of $210,000. Sales include $66,500 for cash and $143,500 on account.

JE #6 - The cost of unit sold is $120,000

JE #7 - Pay the first monthly installment of $2223 related to the $115,000 long-term note payable borrowed on January 1. Round your interest calculation to the nearest dollar

JE #8 - depreciation on the building for the month of January is calculated using the straight line method. At the time the building was purchased, the company estimated a service life of 10 years at a residual value of $27,000. Prepare the adjusting journal entry for depreciation.

JE #9 - at the end of January, $4500 of accounts receivable are past due, and the company estimates that 50% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates at 3% will not be collected. No accounts were written off as uncollectible in January.

JE #10 - unpaid salaries at the end of January are $27,600. Prepare the adjusting entry for salaries.

JE #11 - accrued income taxes at the end of January or $9500. Prepare the adjusting entry for income tax.

JE #12 - Record the reclassification of $20,434 from long-term notes payable to current Notes Payable.

JE #13 - prepare the closing entry for revenue.

JE #14 - prepare the closing entry for expenses.

On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Accounts Debit Credit Cash $ 12,700 Accounts Receivable 37,000 Inventory 153,500 Land 82,300 Buildings 135,000 Allowance for Uncollectible Accounts $ 3,300 Accumulated Depreciation 11,100 Accounts Payable 34,200 Common Stock 215,000 Retained Earnings 156, 900 Totals $420,500 $420,500 During January 2021, the following transactions occur January 1 Borrow $115,000 from Captive Credit Corporation. The installment note bears interest at 64 annually and matures in 5 years. Payments of $2,223 are required at the end of each month for 60 months. January 4 Receive $32,500 from customers on accounts receivable. January 10 Pay cash on accounts payable, $26,000. January 15 Pay cash for salaries, $30,400. January 38 Firework sales for the month total $210,000. Sales include $66,506 for cash and $143,500 on account. The cost of the units sold is $120,000. January 31 Pay the first monthly installment of $2,223 related to the $115,000 borrowed on January 1. Round your interest calculation to the nearest dollar. The following information is available on January 31, 2021 a. Depreciation on the building for the month of January is calculated using the straight-line method. At the time the building was purchased, the company estimated a service life of 10 years and a residual value of $27,000. b. Unpaid salaries at the end of January are $27.600. c. Accrued income taxes at the end of January are $9.500. d. $20,434 of the long-term note payable balance will be paid over the next year, e. The company estimates and records bad debt expense (and adds to the Allowance account through this journal entry) at the end of each month. At the end of January, the company determines that determines $4,500 of the total Accounts Receivable account is over 90 days old, with the remaining A/R balance being current (Hint use the A/R balance in the General Ledger Tab). 50% of the A/R older than 90 days is estimated to be uncollectible, and 3% of the current balance is estimated to be uncollectible. Please calculate the amount that needs to be added to the Allowance account and Bad Debt Expense and complete the journal entry