please help with the general journal amounts that are in red in the last 2 pictures. The last picture has 2 different amounts to show that both amounts I have tried are wrong. Thank you!

following are independent errors made by a company that uses the periodic inventory system: a. Goods in transit, purchased on credit and shipped FOB destination, $10,000, were included in purchases but not in the physical count of ending inventory. b. Purchase of a machine for $2,000 was expensed. The machine has a 4-year life, no residual value, and straightline depreciation is used. c. Wages payable of $2,000 were not accrued. d. Payment of next year's rent, $4,000, was recorded as rent expense. e. Allowance for doubtful accounts of $5,000 was not recorded. The company normally uses the aging method. f. Equipment with a book value of $70,000 and a fair value of $100,000 was sold at the beginning of the year. A 2-year, non-interest-bearing note for $129,960 was received and recorded at its face value, and a gain of $59,960 was recognized. No interest revenue was recorded and 14% is a fair rate of interest. Required: 1. Next Level Indicate the effect of each of the preceding errors on the company's assets, liabilities, shareholders' equity, and net income in the year in which the error occurs. State whether the error causes an overstatement (+), an understatement (), or no effect (NE). 2. Prepare the correcting journal entry or entries required at the beginning of the year for each of the preceding errors, assuming the company discovers the error in the year after it was made. Ignore income taxes. CHART OF ACCOUNTS 1. Indicate the effect of each of the errors on the company's assets, liabilities, shareholders' equity, and net income in the year in which the error occurs. State whether the error causes an overstatement (+), an understatement (), or no effect (NE) Points: 24/24 Feedback Check My Work Test your answers with what you know about the accounting equation. 2. Prepare entries to correct the following errors on January 1 : a. Goods in transit, purchased on credit and shipped FOB destination, \$10,000, were included in purchases but not in the physical count of ending inventory. General Journal Instructions How does grading work? Feedback Check My Work The company uses a periodic inventory system. Goods were recorded in purchases and accounts payable before being received into inventory. Adjust the book values of the assets and liabilities (excluding income taxes) that are affected by the change so that their balances reflect the amounts that would have existed if the error was not made. b. Purchase of a machine for $2,000 was expensed. The machine has a 4-year life, no residual value, and straight-line depreciation is used. General Journal Instructions How does grading work? c. Wages payable of $2,000 were not accrued. Assume the wages are unpaid at the time of the entry. General Journal Instructions How does grading work? Feedback Check My Work Assume the company accrues for wages and reverses the accrual when the wages are paid. In this case, assume the accrual and reversing entries have not been made. d. Payment of next year's rent, $4,000, was recorded as rent expense. General Journal Instructions How does grading work? e. Allowance for doubtful accounts of $5,000 was not recorded. The company normally uses the aging method. General Joumal Instructions How does grading work? f(1). Record the adjustment needed to correct the sale of equipment. General Journal Instructions How does grading work? A 2-year, non-interest-bearing note for $129,960 was received and recorded at its face value, and a gain of $59,960 was recognized. You have enough information to calculate the interest without PV tables by comparing the fair value of the equipment to the face value of the note, or by fixing the amount of the gain. Assume this entry was made: f (2). Prepare the adjustment needed to correct interest related to the note. General Journal Instructions How does grading work