This is being asked again since it was wrong before.

Bridgeport Company is in the process of adjusting and correcting its books at the end of 2020 . In reviewing its records, the following information is compiled. 1. Bridgeport has failed to accrue sales commissions payable at the end of each of the last 2 years, as follows. 2. In reviewing the December 31, 2020, inventory, Bridgeport discovered errors in its inventory-taking procedures that have caused inventories for the last 3 years to be incorrect, as follows. Bridgeport has already made an entry that established the incorrect December 31,2020 , inventory amount. 3. At December 31, 2020, Bridgeport decided to change the depreciation method on its office equipment from doubledeclining-balance to straight-line. The equipment had an original cost of $103,000 when purchased on January 1,2018 . It has a 10-year useful life and no salvage value. Depreciation expense recorded prior to 2020 under the double-decinge method was $33,200. Bridgeport has already recorded 2020 depreciation expense of $12,100 using the double-decliningbalance method. Early in 2020, Bridgeport changed to the percentage-of-completion basis for accounting purposes. It continues to use the completed-contract method for tax purposes. Income for 2020 has been recorded using the percentage-of-complion method. The following information is available. Prepare the journal entries necessary at December 31,2020 , to record the above corrections and changes. The books are still open for 2020. The income tax rate is 20%. Bridgeport has not yet recorded its 2020 income tax expense and payable amounts so current-year tax effects may be ignored. Prior-year tax effects must be considered in item 4. (Credit account titles are automatically indented when 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.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4