Conrad Playground Supply underwent a restructuring in 2016. The company conducted a thorough internal audit, during which the following facts were discovered. The audit occurred during 2016 before any adjusting entries or closing entries are prepared.

a.	Additional computers were acquired at the beginning of 2014 and added to the companys office network. The $47,000 cost of the computers was inadvertently recorded as maintenance expense. Computers have five-year useful lives and no material salvage value. This class of equipment is depreciated by the straight-line method.
b.	Two weeks prior to the audit, the company paid $19,000 for assembly tools and recorded the expenditure as office supplies. The error was discovered a week later.
c.	On December 31, 2015, merchandise inventory was understated by $82,000 due to a mistake in the physical inventory count. The company uses the periodic inventory system.
d.	Two years earlier, the company recorded a 3% stock dividend (2,400 common shares, $1 par) as follows:

Retained earnings	2,400
Common stock		2,400

	The shares had a market price at the time of $13 per share.
e.	At the end of 2015, the company failed to accrue $112,000 of interest expense that accrued during the last four months of 2015 on bonds payable. The bonds, which were issued at face value, mature in 2020. The following entry was recorded on March 1, 2016, when the semiannual interest was paid:

Interest expense	168,000
Cash		168,000

f.	A three-year liability insurance policy was purchased at the beginning of 2015 for $73,200. The full premium was debited to insurance expense at the time.

a.Record entry necessary for error correction.

Record adjusting journal entry for 2016.