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Could some please help me solve Comprehensive Problem number 3 on page 533-535 in Accounting 25 edition by warren-reeve-Duchac? 4.Based on the following selected data,

Could some please help me solve Comprehensive Problem number 3 on page 533-535 in Accounting 25 edition by warren-reeve-Duchac?

4.Based on the following selected data, journalize the adjusting entries as of December 31 of the current year: a.Estimated uncollectible accounts at December 31, $16,000, based on an aging of accounts receivable. The balance of Allowance for Doubtful Accounts at December 31 was $2,000 (debit). b.The physical inventory on December 31 indicated an inventory shrinkage of $3,300. c.Prepaid insurance expired during the year, $22,820. d.Office supplies used during the year, $3,920. e.Depreciation is computed as follows:

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f.A patent costing $48,000 when acquired on January 2 has a remaining legal life of 10 years and is expected to have value for eight years. g.The cost of mineral rights was $546,000. Of the estimated deposit of 910,000 tons of ore, 50,000 tons were mined and sold during the year. h.Vacation pay expense for December, $10,500. i.A product warranty was granted beginning December 1 and covering a one-year period. The estimated cost is 4% of sales, which totaled $1,900,000 in December. j.Interest was accrued on the note receivable received on October 17.

iPad 6:22 AM 100% Figure Info Depreciation Method Used Residual Acquisition Date Useful Life in Years 50 Asset Buildings Office Equip. Store Equip. 2,000 2,000 July 1 Value $900,000 $ 0 January 2 246,000 26,000 January 3 Cost Double-declining-balance Straight-line Straightline 10

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