You have been assigned to examine the financial statements of ABC corp. for the year ended December 31, 2019, as prepared following IFRS. You discover the following situations:

1. Physical inventory count on Dec31, 2018, improperly excluded merchandise costing $13,000 that had been temporarily stored in a public warehouse. ABC corp uses periodic inventory system
2. Physical inventory count on Dec31,2019, improperly included merchandise with a cost of $26,000 that had been recorded as a sale on Dec27, 2019, and was being held for the customer to pick up on Jan 4,2020
3. Depreciation of $6,700 for 2018 on delivery vehicles was not recorded
4. A collection of $4,600 on account from customer received on Dec 31,2019, was not recorded until Jan 2, 2020
5. A large piece of equipment was purchased on Jan 1, 2019 for $20,500 and was charged in error to repairs expense. The equipment estimated useful life 8 years and no residual value. ABC corp uses straight-line depreciation method for this type of equipment.
6. On Dec 31, 2018 accrued wages of $1,500 were not recognized and not recorded
7. A 3 years insurance premium paid on July 1,2018 for policy expires on June 30,2021, amount of $12,000 was charged to insurance expense
8. The Accountant recorded a purchase of supplies for $9,000 in 2019 that applied to 2020.
9. At the beginning of 2017, the company purchased equipment for $225,000(residual value $22,500) and had useful life 6 years. The accountant used straight line amortization, but failed to deduct the residual value in calculation the depreciation base for the past and current years.
10. A cheque for $44,000 was paid in January 1, 2019 to cover the rent for 2019 and 2020; the entire amount was debited to rental expense.

Instructions:

Prepare the required Journal entries (if any) to correct ABC corp's accounts, assuming each transaction is independent and assume 2019 books are not closed.