Posted question but it was answered in its entirety. Journalized entry from Nov 30 on was added. And questions 2,3,4 &5 (bank reconciliation statements). Sorry I did't express this the first time. Below includes my question, and the answer received by Chegg to help out. Thank you very much.

Comprehensive Problem 3 Selected transactions completed by Kornett Company during its first fiscal year ended December 31, 2016, were as follows:

Jan. 3 Issued a check to establish a petty cash fund of $4,500 Feb. 26 Replenished the petty cash fund, based on the following summary of petty cash receipts: office supplies, $1,680; miscellaneous selling expenses, $570; miscellaneous administrative expenses, $880 Apr. 14 Purchased $31,300 of merchandise on account, terms 1/10, n/30. The perpetual inventory system is used to account for inventory. May 13 Paid the invoice of April 14 after the discount period had passed. May 17 Received cash from daily cash sales for $21,200. The amount indicated by the cash register was $21,240 June 2 Received a 60-day, 8% note for $180,000 on the Ryanair account. Aug. 1 Received amount owed on June 2 note, plus interest at the maturity date. Aug. 24 Received $7,600 on the Finley account and wrote off the remainder owed on a $9,000 accounts receivable balance. (The allowance method is used in accounting for uncollectible receivables.) Sept. 15 Reinstated the Finley account written off on August 24 and received $1,400 cash in full payment. Sept. 15 Purchased land issuing a $670,000, 90-day note to Zahorik Co., which discounted it at 9% Oct. 17 Sold office equipment in exchange for $135,000 cash plus receipt of a $100,000, 90-day, 9% note. The equipment had a cost of $320,000 and accumulated depreciation of $64,000 as of October 17. Nov. 30 Journalized the monthly payroll for November, based on the following data: Sales salaries $135,000 and Office salaries $77,250 (totaling $212,250); Income tax withheld $39,266; Social security tax withheld $12,735; Medicare tax withheld $3,184.

Unemployment tax rates: State unemployment 5.4%; Federal unemployment 0.8%; Amount subjected to unemployment taxes: State unemployment $5,000; Federal unemployment $5,000.

Nov. 30 Journalized the employers payroll taxes on payroll. Dec. 14. Journalized the payment of the September 15 note at maturity. Dec. 31. The pension cost for the year was $190,400, of which $139,700 was paid to the pension plan trustee.

Instructions: 1. Journalize the selected transactions. 2. Based on the following data, prepare a bank reconciliation for December of the current year: a. Balance according to the bank statement at December 31, $283,000. b. Balance according to the ledger at December 31, $245,410 c. Checks outstanding at December 31, $68,540 d. Deposit in transit, not recorded by bank $29,500 e. Bank debit memo for service charges, $750 f. A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as $12,000. 3. Based on the bank reconciliation prepared in (2), journalized the entry or entries to be made by Kornett Company. 4. Based on the following selected data, journalize the adjusting entries as of December 31 of the current year. 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 $2,000 (debit). 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. e. Depreciation is computed as follows:

Assets Cost Residual Value Acquisition Date Useful Life in Years Depreciation Method Used Buildings $900,000 0 January 2 50 Double-declining-balance Office Equip 246,000 26,000 January 3 5 Straiht-line Store Equip 112,000 12,000 Jul 1 10 Straight-line

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 of eight years. g. 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. h. Vacation pay expense for December, $10,500. i. A product warranty was granted beginning December 1 and covering a one-year period. The estimated cost is 4% of sales, which totaled $1,900,000 in December. j. Interest was accrued on the note receivable on October 17. 5. Based on the following information and the post-date closing trial balance that follows, prepare a balance sheet in report form at December 31 of the current year: The merchandise inventory is stated at cost by the LIFO method. The product warranty payable is a current liability. Vacation pay payable: Current liability: $7,140 Long-term liability: $3,360

The unfunded pension liability is a long-term liability:

Notes payable: Current liability: $70,000 Long-term liability: $630,000

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After a preliminary check by using Journal Entries and a mock trial balance, i found the post-dated trial balance to be correct.

Trial Balance
Particulars	Debit	Credit
Petty cash	$4,500
office supplies	$3,920
misc selling expenses	$570
misc admin expenses	$880
Land	$670,000
Loss on sale of assets	$21,000
Notes receivables	$100,000
cash	$245,410
Bank	$283,000
Provision for Doubtful debts		$16,000
Inventory shrinkage		$3,300
Insurance	$22,820
Depreciation - Buildings	$35,901
Depreciation - office equipment	$44,000
Depreciation - store equipment	$5,000
Amortization on patent	$5,984
Amortization of mineral rights	$30,000
vacation pay expenses	$10,500
Product warranty cost	$76,000
Interest income		$4,249

Journal
Date	Particulars	Debit	Credit
3-Jan	Petty cash	4500
	bank		4500
26-Feb	office supplies	1680
	misc selling expenses	570
	misc admin expenses	880
	petty cash		3130
26-Feb	Petty cash	3130
	bank		3130
14-Apr	Merchandise inventory	31300
	accounts payable		31300
13-May	Accounts payable	31300
	bank		31300
17-May	cash	21200
	cash - over/ short expense	40
	sales		21240
17-May	cost of goods sold
	to merchandise inventory
2-Jun	Notes receivalbe	180000
	Bank		180000
1-Aug	Bank	182400
	Notes receivable		180000
	Interest income		2400
24-Aug	Bank	7600
	Allowance for uncollectible debts	1400
	accounts receivables		9000
15-Sep	Accounts Receivables	1400
	Allowance for uncollectible debts		1400
15-Sep	Bank	1400
	Allowance for uncollectible debts		1400
15-Sep	Land	670000
	Notes payable		670000
17-Oct	Cash	135000
	Notes receivables	100000
	Loss on sale of assets	21000
	Office equipments		256000

Comment

Notes pryable Current lability Long-term liablity 5 70.000 630.000 Past-Clesing Trial Balance December 31 Petty Cash... Cash Notes Receivable Accounts Receiwable. Allowance for Doubtful Accounts . Merchandise Inventory Interest Receivable Prepaid Insurance. Office Supplies Land Buildings 16.000 1,875 654925 900/000 246,000 Office Equipment Accumulated Depreciation-Office Equipment . Store Equipment ," 112000