Journal entry for D and K

Transactions during 2012 follow: a. Borrowed $12,000 cash on a five-year, 10 percent note payable, dated March 1, 2012. b. Purchased land for a future building site; paid cash, $12,000. c. Earned $208,000 in revenues for 2012, including $52,000 on credit and the rest in cash. d. Sold 4,000 additional shares of capital stock for cash at $1 market value per share on January 1, 2012. e. Incurred $111,000 in Remaining Expenses for 2012, including $20,000 on credit and the rest paid in cash. f. Collected accounts receivable, $34,000 g. Purchased other assets, $13,000 cash h. Paid accounts payable, $19,000 i. Purchased supplies on account for future use, $23,000 j. Signed a three-year $33,000 service contract to start February 1, 2013. k. Declared and paid cash dividends, $22,000. Data for adjusting entries: I. Supplies counted on December 31, 2012, $18,000. m. Depreciation for the year on the equipment, $8,000. n. Interest accrued on notes payable (to be computed). o. Wages earned by employees since the December 24 payroll but not yet paid, $16,000. p. Income tax expense, $10,000, payable in 2013