Williams Santana, Inc. is a manufacturer of high-tech industrial parts that was started in 2009 by two talented engineers with little business training in 2021, the company was acquired by one of its major customers. As part of an internal audit, the following facts were discovered. The audit occurred during 2021 before any adjusting entries or closing entries were prepared. The income tax rate is 25% for all years $30,000 a A five-year casualty insurance policy was purchased at the beginning of 2019 for $33.000 The full amount was debited to insurance expense at the time b. Effective January 1, 2021, the company changed the salvage value used in calculating depreciation for its office building. The building cost $604,000 on December 29, 2010, and has been depreciated on a straight-line basis assuming a useful life of 40 years and a salvage value of $120.000. Declining real estate values in the area indicate that the salvage value will be no more than con December 31, 2020, merchandise inventory was overstated by $23,000 due to a mistake in the physical inventory count using the periodic inventory system # The company changed inventory cost methods to FIFO from UFO at the end of 2021 for both financial statement and income tax purposes. The change will cause a 5940,000 increase in the beginning inventory at January 1, 2022 - At the end of 2020, the company failed to accrue 516,000 of sales commissions earned by employees during 2020. The expense was recorded when the commissions were paid in early 2021 At the beginning of 2019, the company purchased a machine at a cost of S680,000. Its useful life was estimated to be ten years with no salvage value. The machine has been depreciated by the double-declining balance method. Its book value on December 312020 was $435200. On January 1, 2021, the company changed to the straight line method Warranty expense determined each year as 1% of sales Actual payment experience of recent years indicates that 0.70% is a better indication of the actual cost Management effects the change in 2021. Credit sales for 2021 are $3,600,000 in 2020 they were $3.300.000 Required: For each situation 1. Identity whether it represents an accounting change or an error an accounting change, identify the type of change for accounting cron, choose Not applicable 2. Prepare any joumal entry necessary as a direct result of the change or error correction, as well as ary adjusting entry for 2021 related to the situation described Any tax effects should be adjusted for through income tax payable or Refund income tax 1. Identify whether it represents an accounting change or an error. If an accounting change identity the type of change for accounting errors, choose "Not applicable 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any joumal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-Income tax. (If no entry required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet 1 4 5 7 14 Record entry necessary as a direct roult of the change or error correction, Noter Enter debitor credit Transaction Gatournal Prepaid insurance Retained earnings Situation 1. Identify whether it represents an accounting change or an error. If an accounting change, identity the type of change. For accounting errors, choose "Not applicable 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described Any tax effects should be adjusted for through income tax payable or Refund-income tax Complete this question by entering your answers in the tales below. Required 1 Required 2 Prepare any joumal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax (I no entry required for a transaction/event, select "No journal entry required in the first account field) View transaction list Journal entry worksheet 2 5 6 2 14 > Record adjusting journal entry for 2021 Note Enter debitore credit Transaction Gouma Doble For each situation: 1. Identify whether it represents an accounting change or an error. If an accounting change, idently the type of change. For accounting errors, choose "Not applicable 2. Prepare any oumal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-Income tax Complete this question by entering your answers in the tabs below Required Required 2 Prepare any Journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund -income tax ( nountry is required for a transaction/event, select "No journal entry required in the first account Hold.) View transaction list Journal entry worksheet 2 4 5 6 7 3 ... > Record entry necessary as a direct result of the change or error correction Hotel Enter det before credit Deti Transaction bil For each situation 1. Identify whether it represents an accounting change or an error If an accounting change, idem type of change for accounting errors, choose "Not applicable 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable ot Refund income tax. Complete this question by entering your answers in the tabs below Required Required 2 Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjuuting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax (If no untry required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record adjusting Journal entry for 2021 Note Enter debts before credits General Jour Dube Transaction 512 For each situation 1. Identity whether it represents an accounting change or an error. If an accounting change, identify the type of change. For acco errors, choose "Not applicable" 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described Any tax effects should be adjusted for through income tax payable or Refund-income tax Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any Journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record adjusting journal entry for 2021 Note Enter debit before cedits For each situation 1. Identify whether it represents an accounting change or an error If an accounting change, identify the type of change. For accounting errors, choose "Not applicable" 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-Income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 8 9 10 11 14 Record entry necessary as a direct result of the change or error correction Note: Enter debits before credits Transaction General Joumal Dobi For each situation 1. Identify whether it represents an accounting change or an error. If an accounting change. Identify the type of change. For accounting errors, choose "Not applicable 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described Any tax effects should be adjusted for through income tax payable or Refund income tax Complete this question by entering your answers in the tabs below Regulved 1 Required Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. If no ceryl required for a transaction/event, select "No journal entry required in the first account red.) View transaction list Journal entry worksheet 13 Record adjusting journal entry for 2021 Enter debit before credits Debit CH sction General Journal Williams Santana, Inc. is a manufacturer of high-tech Industrial parts that was started in 2009 by two talented engineers with little business training in 2021 the company was acquired by one of its major customers. As part of an internal audit, the following facts were discovered. The audit occurred during 2021 before any adjusting entries or closing entries were prepared. The income tax rate is 25% for all years a A five-year casualty Insurance policy was purchased at the beginning of 2019 for $33,000. The full amount was debited to Insurance expense at the time b. Effective January 1 2021 the company changed the salvage value used in calculating depreciation for its office building The building cost $604000 on December 29, 2010, and has been depreciated on a straight-line basis assuming a useful life of 40 years and a salvage value of $120,000 Declining real estate values in the area indicate that the salvage value will be no more than $30.000 con December 31, 2020, merchandise inventory was overstated by $23.000 due to a mistake in the physical inventory count using the periodic inventory system d. The company changed inventory cast methods to FIFO from LIFO at the end of 2021 for both financial statement and income tax purposes. The change will cause a $940,000 increase in the beginning invertory at January 1 2022 . At the end of 2020, the company falled to accrue 516,000 of sales commissions earned by employees during 2020. The expense was recorded when the commissions were paid in early 2021 1. At the beginning of 2019, the company purchased a machine at a cost of $380,000 its useful life was estimated to be ten years with no savage value The machine has been depreciated by the double declining balance method its book value on December 31 2020. W $435.200 On January 1, 2021, the company changed to the straight line method Warranty expence is determined each year as of sales Actual payment experience of recent years indicates that 0.70 sa betterndication of the actual cost Management effects the change in 2021 credit sales for 2021 de $3,600.000 m 2020 they Wote 53 300.000 Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-Income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 5 8 14 Record entry necessary as a direct result of the change or error correction Enter debits before credits Debit Credit Transaction a General Journal Proped into Poniedrig Hecht Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 5 6 7 8 14 > Record adjusting Journal entry for 2021 Note Unter debts on credit General Journal Debit Credit Transaction 2 View Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 4 5 6 7 8 Record entry necessary as a direct result of the change or error correction itt: Ester det beror Debit Credit Transaction General Journal Camery Viral Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund -income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 5 6 7 8 14 Record adjusting journal entry for 2021 Notar inte balore credito General Journal Debit Credit Transaction 2 Roy Cose Prepare any Journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 4 5 6 7 8 14 Record entry necessary as a direct result of the change or error correction, No Enter debit before credits Transaction General Journal Debit Credit Red Cm baran kami Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 8 = 14 Record adjusting journal entry for 2021 Note Enter debits before credits General Journal Debit Credit Transaction 02 view con la sourial Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transachon list Journal entry worksheet 2 3 4 5 6 17 8 SER 14 > Record entry necessary as a direct result of the change or error correction Note Enter den before credit Transaction General Journal Debit Credit RO Ceny View to Prepare any joumal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record adjusting journal entry for 2021. Note Erter det betore credit Transaction 021 General Journal Debit Credit Red 1 repare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related o the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record entry necessary as a direct result of the change or error correction Note: Enter debts before eandits. General Journal Debit Transaction Credit OY Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record adjusting journal entry for 2021 Note: Enter debits before credits General Journal Debit Credit Transaction 9122 Recand entry View Williams Santana, Inc. is a manufacturer of high-tech industrial parts that was started in 2009 by two talented engineers with little business training in 2021, the company was acquired by one of its major customers. As part of an internal audit, the following facts were discovered. The audit occurred during 2021 before any adjusting entries or closing entries were prepared. The income tax rate is 25% for all years $30,000 a A five-year casualty insurance policy was purchased at the beginning of 2019 for $33.000 The full amount was debited to insurance expense at the time b. Effective January 1, 2021, the company changed the salvage value used in calculating depreciation for its office building. The building cost $604,000 on December 29, 2010, and has been depreciated on a straight-line basis assuming a useful life of 40 years and a salvage value of $120.000. Declining real estate values in the area indicate that the salvage value will be no more than con December 31, 2020, merchandise inventory was overstated by $23,000 due to a mistake in the physical inventory count using the periodic inventory system # The company changed inventory cost methods to FIFO from UFO at the end of 2021 for both financial statement and income tax purposes. The change will cause a 5940,000 increase in the beginning inventory at January 1, 2022 - At the end of 2020, the company failed to accrue 516,000 of sales commissions earned by employees during 2020. The expense was recorded when the commissions were paid in early 2021 At the beginning of 2019, the company purchased a machine at a cost of S680,000. Its useful life was estimated to be ten years with no salvage value. The machine has been depreciated by the double-declining balance method. Its book value on December 312020 was $435200. On January 1, 2021, the company changed to the straight line method Warranty expense determined each year as 1% of sales Actual payment experience of recent years indicates that 0.70% is a better indication of the actual cost Management effects the change in 2021. Credit sales for 2021 are $3,600,000 in 2020 they were $3.300.000 Required: For each situation 1. Identity whether it represents an accounting change or an error an accounting change, identify the type of change for accounting cron, choose Not applicable 2. Prepare any joumal entry necessary as a direct result of the change or error correction, as well as ary adjusting entry for 2021 related to the situation described Any tax effects should be adjusted for through income tax payable or Refund income tax 1. Identify whether it represents an accounting change or an error. If an accounting change identity the type of change for accounting errors, choose "Not applicable 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any joumal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-Income tax. (If no entry required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet 1 4 5 7 14 Record entry necessary as a direct roult of the change or error correction, Noter Enter debitor credit Transaction Gatournal Prepaid insurance Retained earnings Situation 1. Identify whether it represents an accounting change or an error. If an accounting change, identity the type of change. For accounting errors, choose "Not applicable 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described Any tax effects should be adjusted for through income tax payable or Refund-income tax Complete this question by entering your answers in the tales below. Required 1 Required 2 Prepare any joumal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax (I no entry required for a transaction/event, select "No journal entry required in the first account field) View transaction list Journal entry worksheet 2 5 6 2 14 > Record adjusting journal entry for 2021 Note Enter debitore credit Transaction Gouma Doble For each situation: 1. Identify whether it represents an accounting change or an error. If an accounting change, idently the type of change. For accounting errors, choose "Not applicable 2. Prepare any oumal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-Income tax Complete this question by entering your answers in the tabs below Required Required 2 Prepare any Journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund -income tax ( nountry is required for a transaction/event, select "No journal entry required in the first account Hold.) View transaction list Journal entry worksheet 2 4 5 6 7 3 ... > Record entry necessary as a direct result of the change or error correction Hotel Enter det before credit Deti Transaction bil For each situation 1. Identify whether it represents an accounting change or an error If an accounting change, idem type of change for accounting errors, choose "Not applicable 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable ot Refund income tax. Complete this question by entering your answers in the tabs below Required Required 2 Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjuuting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax (If no untry required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record adjusting Journal entry for 2021 Note Enter debts before credits General Jour Dube Transaction 512 For each situation 1. Identity whether it represents an accounting change or an error. If an accounting change, identify the type of change. For acco errors, choose "Not applicable" 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described Any tax effects should be adjusted for through income tax payable or Refund-income tax Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any Journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record adjusting journal entry for 2021 Note Enter debit before cedits For each situation 1. Identify whether it represents an accounting change or an error If an accounting change, identify the type of change. For accounting errors, choose "Not applicable" 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-Income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 8 9 10 11 14 Record entry necessary as a direct result of the change or error correction Note: Enter debits before credits Transaction General Joumal Dobi For each situation 1. Identify whether it represents an accounting change or an error. If an accounting change. Identify the type of change. For accounting errors, choose "Not applicable 2. Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described Any tax effects should be adjusted for through income tax payable or Refund income tax Complete this question by entering your answers in the tabs below Regulved 1 Required Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. If no ceryl required for a transaction/event, select "No journal entry required in the first account red.) View transaction list Journal entry worksheet 13 Record adjusting journal entry for 2021 Enter debit before credits Debit CH sction General Journal Williams Santana, Inc. is a manufacturer of high-tech Industrial parts that was started in 2009 by two talented engineers with little business training in 2021 the company was acquired by one of its major customers. As part of an internal audit, the following facts were discovered. The audit occurred during 2021 before any adjusting entries or closing entries were prepared. The income tax rate is 25% for all years a A five-year casualty Insurance policy was purchased at the beginning of 2019 for $33,000. The full amount was debited to Insurance expense at the time b. Effective January 1 2021 the company changed the salvage value used in calculating depreciation for its office building The building cost $604000 on December 29, 2010, and has been depreciated on a straight-line basis assuming a useful life of 40 years and a salvage value of $120,000 Declining real estate values in the area indicate that the salvage value will be no more than $30.000 con December 31, 2020, merchandise inventory was overstated by $23.000 due to a mistake in the physical inventory count using the periodic inventory system d. The company changed inventory cast methods to FIFO from LIFO at the end of 2021 for both financial statement and income tax purposes. The change will cause a $940,000 increase in the beginning invertory at January 1 2022 . At the end of 2020, the company falled to accrue 516,000 of sales commissions earned by employees during 2020. The expense was recorded when the commissions were paid in early 2021 1. At the beginning of 2019, the company purchased a machine at a cost of $380,000 its useful life was estimated to be ten years with no savage value The machine has been depreciated by the double declining balance method its book value on December 31 2020. W $435.200 On January 1, 2021, the company changed to the straight line method Warranty expence is determined each year as of sales Actual payment experience of recent years indicates that 0.70 sa betterndication of the actual cost Management effects the change in 2021 credit sales for 2021 de $3,600.000 m 2020 they Wote 53 300.000 Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-Income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 5 8 14 Record entry necessary as a direct result of the change or error correction Enter debits before credits Debit Credit Transaction a General Journal Proped into Poniedrig Hecht Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 5 6 7 8 14 > Record adjusting Journal entry for 2021 Note Unter debts on credit General Journal Debit Credit Transaction 2 View Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 4 5 6 7 8 Record entry necessary as a direct result of the change or error correction itt: Ester det beror Debit Credit Transaction General Journal Camery Viral Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund -income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 5 6 7 8 14 Record adjusting journal entry for 2021 Notar inte balore credito General Journal Debit Credit Transaction 2 Roy Cose Prepare any Journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 4 5 6 7 8 14 Record entry necessary as a direct result of the change or error correction, No Enter debit before credits Transaction General Journal Debit Credit Red Cm baran kami Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 8 = 14 Record adjusting journal entry for 2021 Note Enter debits before credits General Journal Debit Credit Transaction 02 view con la sourial Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transachon list Journal entry worksheet 2 3 4 5 6 17 8 SER 14 > Record entry necessary as a direct result of the change or error correction Note Enter den before credit Transaction General Journal Debit Credit RO Ceny View to Prepare any joumal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record adjusting journal entry for 2021. Note Erter det betore credit Transaction 021 General Journal Debit Credit Red 1 repare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related o the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record entry necessary as a direct result of the change or error correction Note: Enter debts before eandits. General Journal Debit Transaction Credit OY Prepare any journal entry necessary as a direct result of the change or error correction, as well as any adjusting entry for 2021 related to the situation described. Any tax effects should be adjusted for through Income tax payable or Refund-income tax. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record adjusting journal entry for 2021 Note: Enter debits before credits General Journal Debit Credit Transaction 9122 Recand entry View