You have been assigned to examine the financial statements of PC corp. for the year ended December 31, 2020, as prepared following IFRS. You discover the following situations:

1- Physical inventory count on Dec 31, 2019, improperly included merchandise costing $3,800 that had been sold but not delivered until Jan 5, 2020. PC uses periodic inventory system

2- At the beginning of 2019, 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.

3- On Dec 31, 2017, accrued wages of $1,500 were not recognized and not recorded. Required: Prepare the Journal Entries that need to correct the errors