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

G April $5$: Pane pays for the inventory purchased in transaction D

D March $27$: Pane purchases inventory on account to make stained glass windows. The goods were purchased under the shipping terms of the FOB shipping point.

Inventory Purchased

Shipping Cost

$$21,125,000$

$$19,000$

H June $1$: Pane lends one of their employees $$150,000$ in exchange for a note receivable. The employee is required to pay Pane back for the principal and interest on June $1,2024.$

$\backslash$table$[[$Principal$,$$$150,000$