Note: You must complete parts 1, 2, and 3 before completing part 4 of this Based on the follewing selected data, journalize the adjusting entries as of December 31 of the ourrent year For a compound transaction, Iif an amount box does not require an entry, lnave it blank. If no entry is required, select "No entry required" from the dropdown and leave 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 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. . Depreciation is computed as follows Residual Acquisition Useful Life Date Depreciation Method Used Value in Years Asset Buildings $900,000 Office Equip. 246,000 26,000 January 3 Store Equip. 112,000 12,000 July1 Cost 50 Double-declining-balance 5 Straight-line 10 Straight-line $0 January 2 Description Debit Credit 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. Description Debit Credit g. The cost of mineral rights was $546,000. or the estimated deposit of 910,000 tons of ore, 50,000 t tons were mined and sold during the year Description Debit Credit Description Debit Credit 9. 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 Description Debit Credit h. Vacation pay expense for December, $10,500 Description Debit Credit i. A product warranty was granted begin ing December 1 and covering a one-year period. The estimated cost is 4% of sies, which totaled S ,900000 in December Description Debit Credit Interest was accrued on the note receivable received on October 17. Assume 360 days per year Description Debit Credit