The following errors were discovered on the books of Sunland Corporation, during the 2021 year-end process, prior to the books being closed for the year. Prepare the journal entries required to correct the below errors, assuming that Sunland follows IFRS. For this question, ignore income tax.

PART A

While conducting the year-end inventory in December 2021, it was discovered that $6,400 of product was omitted from the December 2020 inventory count. The product had been shipped to a customer early in 2021, but had not been included in the 2020 ending inventory. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

PART B

One of Sunland customers paid $15,800 to Sunland in December 2020. This amount was included in Sunland revenue for 2020. However, the product was not actually shipped to the customer until 2021. Assume a periodic inventory system is being used. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

PART C

During 2020, $6,200 had been paid for ordinary repairs and maintenance on some of Sunland equipment. However, the amount was added to the Equipment account when it was paid, and depreciation (straight-line over 10 years) had been recorded accordingly at the end of 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
(To record correction of prior year error for repairs and maintenance.)
(To record correction of prior year error for depreciation recorded.)