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I've already attempted the general journal if you could check if it is correct and...

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Accounting

I've already attempted the general journal if you could check if it is correct and then do the rest of the answers that would be great!

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One Trick Pony (OTP) incorporated and began operations near the end of the year, resulting in the following post-closing balances at December 31 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Unearned Revenue (30 units) Accounts Payable Notes Payable (long-term) Common Stock Retained Earnings $ 18,620 9,650 900* 2,800 4,350 1,300 15,000 5,000 4,520 * credit balance The following information is relevant to the first month of operations in the following year. OTP will sell inventory at $145 per unit. OTP's January 1 inventory balance consists of 35 units at a total cost of $2,800. OTP'S policy is to use the FIFO method, recorded using a perpetual inventory system. In December, OTP received a $4,350 payment for 30 units to be delivered in January; this obligation was recorded in Unearned Revenue. Rent of $1,300 was unpaid and recorded in Accounts Payable at December 31 OTP's note payable matures in three years, and accrues interest at a 10% annual rate

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