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Blue Spruce Companys trial balance at December 31, 2019, is presented below. All 2019 transactions have been recorded except for the items described following the trial balance.

	Debit		Credit
Cash	$26,000
Accounts Receivable	36,500
Notes Receivable	8,900
Interest Receivable	0
Inventory	36,200
Prepaid Insurance	3,780
Land	21,800
Buildings	132,000
Equipment	55,000
Patents	10,300
Allowance for Doubtful Accounts			$400
Accumulated DepreciationBuildings			44,000
Accumulated DepreciationEquipment			22,000
Accounts Payable			27,100
Salaries and Wages Payable			0
Unearned Rent Revenue			3,300
Notes Payable (due in 2020)			13,000
Interest Payable			0
Notes Payable (due after 2020)			36,000
Common Stock			46,500
Retained Earnings			57,580
Dividends	15,000
Sales Revenue			903,000
Interest Revenue			0
Rent Revenue			0
Gain on Disposal of Plant Assets			0
Bad Debts Expense	0
Cost of Goods Sold	640,000
Depreciation Expense	0
Insurance Expense	0
Interest Expense	0
Other Operating Expenses	61,400
Amortization Expense	0
Salaries and Wages Expense	106,000
Total	$1,152,880		$1,152,880

Unrecorded transactions:

1.		On May 1, 2019, Blue Spruce purchased equipment for $17,800 plus sales taxes of $1,400 (all paid in cash).
2.		On July 1, 2019, Blue Spruce sold for $3,600 equipment which originally cost $5,100. Accumulated depreciation on this equipment at January 1, 2019, was $2,000; 2019 depreciation prior to the sale of the equipment was $450.
3.		On December 31, 2019, Blue Spruce sold on account $5,400 of inventory that cost $3,200.
4.		Blue Spruce estimates that uncollectible accounts receivable at year-end is $4,000.
5.		The note receivable is a one-year, 8% note dated April 1, 2019. No interest has been recorded.
6.		The balance in prepaid insurance represents payment of a $3,780 6-month premium on September 1, 2019.
7.		The buildings are being depreciated using the straight-line method over 30 years. The salvage value is $30,000.
8.		The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost.
9.		The equipment purchased on May 1, 2019, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,100.
10.		The patent was acquired on January 1, 2019, and has a useful life of 10 years from that date.
11.		Unpaid salaries and wages at December 31, 2019, total $2,200.
12.		The unearned rent revenue of $3,300 was received on December 1, 2019, for 3 months rent.
13.		Both the short-term and long-term notes payable are dated January 1, 2019, and carry a 9% interest rate. All interest is payable in the next 12 months.

Prepare journal entries for the transactions listed above.

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