Instructions:

Prepare the journal entries for transactions A$-$T below and record them on the "Journal Entries" tab.

Once you have created the journal entries, post them on the $"$T$-$accounts" tab.

Prepare journal entries to adjust journal entries $1-6$

Post the adjusting journal entries to the correct T$-$accounts in the $"$T$-$Accounts" tab.

Transaction No$.$ Transaction

A January $1$: Pane receives rent for the $2$ years from a tenant who rents one of their empty warehouses

Total Rent Received

$$87,000$

B January $11$: Pane sells window panes to customers. Some customers paid in cash, others purchased their goods on account. Pane uses the perpetual method to track their inventory.

$\backslash$table$[[$Cash sales,$$5,637,000$