record a journal entry

a. On the last day of the year, failed to recond the $100 sale of hiking meschandise to a customer who paid with his Visa credit cand. Visa charges Olson Sports a 3 percent foe. b. On December 31 , failed to write off a $3 bad debt. c. Failed to record bad debt expense for the year. After the writeoff in (b), Otson Sports calculated that $21 will likely be uncollectible, based on an aging of the accounts receivable. d. The auditor noted that the inventory is listed on the trial balance using the weighted average cont method. However, it should be measured using the firstin, firstout method. Beginning inventory was is units at $10 per unit, the April 10 purchase was 40 uaits at $11 per unit, the July 2 purchase was 52 units at $13 per unit, and the October 4 purchase was 28 units at $16 per unit. The count of imventory on hand at the end of the year was 35 units. e. Failed to record $10 in new store fixtures (equipment) that arrived at Olson Sports's shipping dock during the last week of the year, with payment due to the manufacturer within 30 days. Olson Sports paid $1 cash for delivery and $3 to install the new fixtures. These amounts were not recorded either. f. On December 31, failed to record the sale of old computers (equipavent) with a cost of $20 and a carrying amouat of $8 for $3 canh. When they were sold, no depreciation had been recorded for the year. Olson Sports depreciates comperter equipment using the straightline method with a residual value of $4 over a fouryear useful life. (Hint: Piepare two entries.) 8. Failed to amortize the accousting software that Olsou Sports purchased at the beginning of the year. It is estimated to have a threeyear useful life with no residual value. The company does not use a contra account for this asset. h. Failed to record the anusal depreciation for the building and furniture (equipenent): - The building is depreciated using the straight fine method with a residual value of $9 over a 20 year usefil life. - Furniture costing $120 is depreciated using the double declining balance method with a residual value or $20 over a 10year usefiul life. The accumulated depreciation of the furniture at the befinging of the year was $60. 1. Failed to record income tax expense for the year. Including the effects of the abore entries, Otson Sports's income tax expense is 24