You have been engaged to review the financial statements of Walsh Corporation. While examining the work of the bookkeeper hired during the year that just ended, you noticed a number of irregularities for the past fiscal year:

1.		Year-end wages payable of $13,000 were not accrued, because the bookkeeper thought that it was immaterial.
2.		Accrued vacation pay for the year of $35,200 was not recorded, because the bookkeeper never heard that you had to do it.
3.		Insurance that covers a 12-month period and was purchased on November 1 was charged to insurance expense in the amount of $9,780 because the amount of the cheque is about the same every year.
4.		Reported sales revenue for the year was $2,740,500 and included all sales taxes charged for the year. The sales tax rate is 5%. Because the sales tax is forwarded to the provincial ministry of revenue, the bookkeeper thought that sales tax is a selling expense and therefore debited the Sales Tax Expense account. At the end of the fiscal year, the balance in the Sales Tax Expense account was $122,100.

QUESTION: Prepare the necessary correcting entries, assuming that Walsh Corporation uses a calendar-year basis and that the books for the fiscal year that just ended are not yet closed.

No.	Account Titles and Explanation	Debit	Credit
1.	enter an account title
	enter an account title
2.	enter an account title
	enter an account title
3.	enter an account title
	enter an account title
4.	enter an account title to record sales tax on revenue
	enter an account title to record sales tax on revenue
	(To record sales tax on revenue.)
	enter an account title to adjust balances to actual
	enter an account title to adjust balances to actual
	(To adjust balances to actual.)