Faubert Company began operations on January $1,$ Year $1.$ The company has drafted its Year $5$ comparative financial statements.

Adjusting Journal Entries have been recorded; the Year $5$ books are still open. Faubert will be audited for the first time. Auditors have discovered the following possible errors:

Installment payments on Faubert$$s long$-$term debt begin in Year $6$; $$10,000$ is due each year for four years. Faubert does not intend to make the Year $6$ scheduled payment; the Year $6$ and Year $7$ amounts will be paid in Year $7,$ including interest and penalties totaling $$2,720$

REQUIRED

$1.$ Correcting journal entries, if applicable, for items a$.$ through j$.$ If no correcting journal entry is needed, indicate $"$No CJE."