Conrad Playground Supply underwent a restructuring in 2024. the company conducted a thorough internal audit, during which the following facts were discovered. the audit occurred during 2024 before any adjusting entries or closing entries are prepared.

a. additional computers were acquire at the beginning of 2022 and added to the company's office network. The 48,500 cost of the computer was inadvertently recorded as maintenance expense. computers have 5 year useful life and no material salvage value. this class of equipment is depreciated by the straight line method. b. 2 weeks prior to the audit, the company paid 20,500 for assembly tools and recorded the expenditures as office supplies the error was discover a week later. c. On December31, 2023, merchandise inventory was understated by 85,000 due to a mistake in the physical inventory count. the company uses the periodic inventory system. d. 2 years earlier the company recorded a 3% stock dividend (2,700 common shares, $1 par) as follow: retained earning- debit 2,700 and credit common stock 2,700 . the share had a market price at the time of 13 per share. e. at the end of 2023 the company failed to accrue 118,000 of interest expense that accrued during the last four months of t2023 on bonds payable. the bonds which wich were issued at face value, mature in 2028. the following entry was recorded on March 1, 2024. when the semi annual interest was paid, as well as on September 1, if each year: interest expense debit 177,000 and cash credit 177,000. f. a three year liability insurance policy was purchased at the beginning of 2023 for 74,100 the full premium was debited to insurance expense at the time. Require: for each error, prepare any journal entry necessary to correct the error, as well as any year end adjusting entry for 2024 related to the situation described, ignore income taxes.