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Please look at the pictures I have down below, I need help with the areas in PINK, because those are the ones that are incorrect.

Please look at the pictures I have down below, I need help with the areas in PINK, because those are the ones that are incorrect. please use the appropriate terms as well and if you could respond in table form that would be apprecaited. Thank you!

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November Transactions: Nov. 1 Borrowed money from the bank by issuing a non-interest-bearing, $50,000,90-day note. The note is discounted on a 15% basis. 9 Sold 120 computers with a 1 -year assurance-type warranty for $4,600 each on credit (ignore cost of goods sold). Past experience indicates that warranty costs average $110 per computer. 12 Sold 120 software packages at $290 each on credit (ignore cost of goods sold). With each software package, Shadrach offered a premium in the form of a USB drive for the return of one proof of purchase. The offer expires June 30,2020 . The cost of each USB drive is $5, and Shadrach estimates that 80% of the premiums will be redeemed; therefore, 96 USB drives were purchased on credit. 20 Paid $3,000 in fulfillment of the warranty agreement on several of the computers sold on November 9. 30 Accrued monthly vacation pay. Shadrach has 100 employees who are each paid an average of $180 per day. Shadrach has a policy of allowing each employee 12 days' paid vacation per year; the related liability is recorded on a monthly basis. Employees are paid monthly. 30 paid monthly payroll. Gross salaries were $426,000. No vacations were taken during November. Income tax withholdings of 20% are applicable to the salaries of all employees. A F.I.C.A. tax of 8% for both employees and employers is also applicable to the entire amount of gross salaries. These rates apply to all salaries because no employee's salary has exceeded the maximum wage limit. The state allows the corporation a 1% unemployment compensation merit-rating reduction from the normal rate of 5.4%. The federal unemployment rate is 0.6%. Prior to October, each individual employee had accumulated a gross salary in excess of $7,000 for 2019 . Prepare journal entries to record the November transactions of Shadrach Computer Corporation for 2019. Include year-end accruals. General Journal Instructions How does grading work? December Transactions: Dec. 14 Twenty proofs of purchase were returned from the November 12 sale. 29 An individual filed suit against Shadrach for damages caused in a November 5 accident that resulted when a member of the sales force hit the individual's car while on personal business. The amount of the suit filed was $1,250. Because the employee was on personal business, the company's insurance company will not pay the claim. In Shadrach's attorney's opinion, the amount of the suit is reasonable; furthermore, the company believes it is likely to lose the suit. 31 Accrued monthly vacation pay. 31 Paid monthly payroll. Gross salaries were $429,000. The salaries included $6,500 of vacation pay in the sales force and $3,500 of vacation pay in the office staff. The F.I.C.A. tax rate still applies to all wages because no employee's salary exceeded the maximum wage limit. 31 Recorded president's bonus. The president receives a 10% bonus on any income over $220,000, before deducting income taxes and the bonus. Shadrach's effective income tax rate is 30\%, and income before income taxes and bonus for 2019 was $540,000. The bonus will be paid in January 2020 . Required: Prepare journal entries to record the preceding transactions of Shadrach Computer Corporation for 2019. Include year-end accruals. Prepare journal entries to record the December transactions of Shadrach Computer Corporation for 2019. Include year-end accruals. General Journal Instructions How does grading work

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