You and your team have now completed all of the field work for the audit at made to Impress, Inc. The company provided you the attached financial statements, but you have adjustments that you are going to propose. You feel that some of them are small and inconsequential, but there are others that you consider to be material for the overall financial statement presentation. The following entries have been proposed:

• Payroll expenses for the warehouse were not accrued at the ending of the year. Those costs are $14,250.
• Depreciation expenses were reported $8,500 higher than your recalculations.
• Fifty percent of the phone and internet bill applies to January-20ZZ. This invoice totals $2500.00.
• Invoices that were received and booked in early January 20ZZ were applicable to 20YY. These invoices total $24,555. Of this amount, $17,800 were SG&A related, and the remaining amount was for inventory that would eventually be sold to its customers.
• $15,000 of the Other Assets should have been classified as Operating Cash and Equivalents.
• Based upon your sampling, you are confident that sales are being overstated overstated by 7%.
• You tabulated all of the returned merchandise that was sitting in the corner of the warehouse and found the cost of those items was $104,000.

Assuming that MTI accepts all of the adjustments, recreate the Journal Entries: