need help with creating the journal for the march transactions 385208

Need help with creating the Journal for the March transactions. I have a Journal written out but it doesn’t seem right even though the Cr. and Dr. balance out. The second 3/1 transaction dealing with Notes Payable are confusing, don’t know how to notate those in the journal; as well as the Additional Information section. I’ve copied chart of accounts for reference.

3/1 Owners of OPJ invested an additional $55,000 cash into the business. The cash is put into Big Bank.

3/1 Pay off the $40,000 Note Payable owed to Little Bank. The cash to pay off the note is taken out of Big Bank. Also pay to Little Bank $200 for interest owed on the Note Payable for February. The $200 cash is also taken out of Big Bank.

3/1 Take $4,000 cash out of Big Bank to pay for March’s rent.

3/2 The customer that purchased on credit on February 15 pays $78,000 cash to pay off the amount due. The cash is deposited into Big Bank.

3/10 Sale of inventory to a customer selling price is $65,000 cost of the inventory sold $12,000. The customer pays cash. The cash is deposited into Little Bank.

3/15 Take $26,000 cash out of Little Bank to pay employees for wages they have earned.

3/16 Purchase $70,000 of additional inventory. OPJ will pay the manufacturer 50% of the $70,000 in 10 days. OPJ will pay the remaining 50% in 30 days.

3/17 Sale of inventory to a customer selling price $120,000 cost of the inventory sold $27,000. The customer will pay for the purchase in 30 days.

3/20 Sale of inventoy to a customer selling price $70,000 cost of the inventory sold $14,000. The customer pays $15,000 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days.

3/22 Purchase inventory for $30,000 cash. The cash is taken out of Big Bank.

3/26 Pay the manufacturer the 50% due on the March 16th purchase of inventory. The cash is taken out of Big Bank.

3/30 Take $25,000 cash out of Little Bank to pay employees for wages they have earned

**Additional Information** Note Payable Big Bank: Interest due to Big Bank on the Note Payable for the month of March is $600. As of March 31st, OPJ owes Big Bank a total of $1,125 for interest ($525 for Feb. + $600 for March). Interest will be paid to Big Bank in June.

Chart Accounts:

100 Cash Big Bank

105 Cash Little Bank

110 Accounts Receivable

120 Inventory

150 Equipment

Liabilities:

200 Accounts Payable

210 Note Payable Big Bank

215 Note Payable Little Bank

220 Interest Payable Big Bank

225 Interest Payable Little Bank

Equity:

300 Common Stock

305 Retained Earnings

Revenues:

400 Sales Revenue

Expenses:

500 Cost of Goods Sold

510 Rent Expense

515 Wages Expense

520 Interest Expense