LLP is auditing Dumbledore Manufacturing, Inc. (DMI) for the year ended December 31, 2018. You are the staff auditor responsible for preparing the financial statements. With the unadjusted trial balance provided, you are responsible for the following:

Recording any adjusting journal entries based on audit findings on both the trial balance and the AJE report. Dont forget to add a description.

1. When auditing other assets, it was determined that DMI did not amortize goodwill in 2018. Goodwill is amortized over 10 years. DMI realized that in order to keep the account on track for the 10 year amortization they needed to record an entry to correct this in 2018.

2. When auditing accrued expenses, it was discovered that DMI failed to accrue for the last pay period of December wages. DMIs pay schedule is bi-weekly (10 working days) and the payroll report for that full 2-week period leading up to the end of the year totaled $241,957. Per review of the calendar, 6 days should have been accrued for at December 31, 2018. Payroll expenses are allocated in the following manner:
   1. COGS 45%
   2. Salary 40%
   3. Hourly 15%

Due to the magnitude of the error, DMI needs to record an adjusting entry to correct. Round your entry to the nearest dollar (no pennies).