these are the instructions for the question before

Instructions 1. Journalize the selected transactions 2. Based on the following data, prepare a bank reconcliation for December of the current yean e Balance according to the bank statement at December 31, $283,000. a Balance according to the ledger at December 31, $245,410 Checks outstanding at December 31, $68,540. Depasit in transit, not recorded by bank, $29,500 Bank it memo for service charges, S750. A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as S12,000. a 3. Based on the bank reconciliation prepared in (2), journalize the entry or entries to be made by Kornett Company. Use the Miscellaneous Administrative Expense account to record bank service charges. 4. Based on the following selected data, journalize the adjusting entries as of December 31 of the current year: A Estimated uncollectible a ccounts at December 31, $16000, based on an aging of accounts receivable. The A Estimated uncollectible accounts at December 31 balance of Allowance for Doubtful Accounts at December 31 was $2,000 (debit). a. The physical inventory on December 31 indicated an inventory shrinkage of $3,30. C Prepaid insurance expired during the year, $22,820. D. Office supplies used during the year, $3,920. E. Depreciation is computed as follows Residual Acquisition Useful Life Depreciation Method Used Buildings set$900,000 Office Equip. 246,000 26,000 January3 Store Equip. 112,000 12,000 July F.A patent costing $48,000 when acquired on January 2 has a remaining legal life of 10 years and is expected Value in Years 50 Cost Date $900,000 sOJanuary2 Double-declining-balance aight-line ight-line 10 to have value for 8 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 L A product warranty was granted beginning December 1 and covering a one-year period. The estimated cost 1 Interest wa Accued on the note receivable received on October 17 a balance sheet in feport form at December 31 of the current year is 4%of sales, which totaled $1,000,000 in December. 5. Based on the tollowing information and the post-closing trial balance that follows, prepare The merchandise inventory is stated at cost by the LIFO method The produt waranty payable is a current liability Vcation pay payable 57,140 3,360 nded pension liability is a long-term liability 5 70000