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need to be answered in 30mins or less Mackenzie Corp. is preparing the December 31, 2020 year-end financial statements. Following are selected unadjusted account balances

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Mackenzie Corp. is preparing the December 31, 2020 year-end financial statements. Following are selected unadjusted account balances Estimated warranty liability Income tax expense Mortgage payable, 6% $ 6,510 124,500 456,000 120-day note payable, 5% Unearned revenues Warranty expense $ 85,00 101,080 6,980 Additional information a. $11.300 of income tax was accrued monthly from January through to November inclusive and paid on the 15th day of the following month. The actual amount of tax expense for the year is determined to be $131,040 b. A customer is suing the company. Legal advisers believe it is probable that the company will have to pay damages, the amount of which will approximate $145,000 given similar cases in the industry c. During December, Mackenzie had sales of $715,000,4% of sales typically require warranty work equal to 25% of the sales amount d. Mortgage payments are made on the first day of each month, e. $112,000 of the Unearned Revenues remain uneared at December 31, 2020. f. The 120 day note payable was dated November 15, 2020 Required: 1. Prepare any required adjusting entries at December 31, 2020, for each of the above. (Use 365 days a year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list Journal entry worksheet

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