You have been assigned to examine the financial statements of Sandhill Company for the year ended December 31, 2020. You discover the following situations.

1.		Depreciation of $3,200 for 2020 on delivery vehicles was not recorded.
2.		The physical inventory count on December 31, 2019, improperly excluded merchandise costing $17,800 that had been temporarily stored in a public warehouse. Sandhill uses a periodic inventory system.
3.		A collection of $5,900 on account from a customer received on December 31, 2020, was not recorded until January 2, 2021.
4.		In 2020, the company sold for $4,000 fully depreciated equipment that originally cost $26,100. The company credited the proceeds from the sale to the Equipment account.
5.		During November 2020, a competitor company filed a patent-infringement suit against Sandhill claiming damages of $210,000. The companys legal counsel has indicated that an unfavorable verdict is probable and a reasonable estimate of the courts award to the competitor is $126,000. The company has not reflected or disclosed this situation in the financial statements.
6.		Sandhill has a portfolio of trading investments. No entry has been made to adjust to market. Information on cost and fair value is as follows.

		Cost		Fair Value
December 31, 2019		$99,600		$99,600
December 31, 2020		$79,000		$76,800

7.		At December 31, 2020, an analysis of payroll information shows accrued salaries of $13,200. The Salaries and Wages Payable account had a balance of $15,700 at December 31, 2020, which was unchanged from its balance at December 31, 2019.
8.		A large piece of equipment was purchased on January 3, 2020, for $41,400 and was charged to Maintenance and Repairs Expense. The equipment is estimated to have a service life of 8 years and no residual value. Sandhill normally uses the straight-line depreciation method for this type of equipment.
9.		A $12,900 insurance premium paid on July 1, 2019, for a policy that expires on June 30, 2022, was charged to insurance expense.
10.		A trademark was acquired at the beginning of 2019 for $46,300. No amortization has been recorded since its acquisition. The maximum allowable amortization period is 10 years.

Assume the trial balance has been prepared but the books have not been closed for 2020. Assuming all amounts are material, prepare journal entries showing the adjustments that are required. (Ignore income tax considerations.) (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 10