Problem $20-15($Algo$)$ Correction of errors; six errors $[$LO$2$O$-6]1$ Record entry necessary for error correction.

$2$ Record adjusting journal entry for $2024.$

$3$ Record entry necessary for error correction.

$4$ Record adjusting journal entry for $2024.$

$5$ Record entry necessary for error correction.

$6$ Record adjusting journal entry for $2024.$

$7$ Record entry necessary for error correction.

$8$ Record adjusting journal entry for $2024.8$ Record adjusting journal entry for $2024.$

$9$ Record entry necessary for error correction.

$10$ Record adjusting journal entry for $2024.$

$11$ Record entry necessary for error correction.

$12$ Record adjusting journal entry for $2024.$

Conrad Playground Supply underwent a restructuring in $2024.$ The company conducted a thorough internal audit,

during which the following facts were discovered. The audit occurred during $2024$ before any adjusting entries or

closing entries are prepared.

a$.$ Additional computers were acquired at the beginning of $2022$ and added to the company's office network. The

$$48,000$ cost of the computers was inadvertently recorded as maintenance expense. Computers have five$-$year

useful lives and no material salvage value. This class of equipment is depreciated by the straight$-$line method.

b$.$ Two weeks prior to the audit, the company paid $$20,000$ for assembly tools and recorded the expenditure as

office supplies. The error was discovered a week later.

c$.$ On December $31,2023,$ merchandise inventory was understated by $$84,000$ due to a mistake in the physical

inventory count. The company uses the periodic inventory system.

d$.$ Two years earlier, the company recorded a $4\%$ stock dividend $(2,600$ common shares, $$1$ par$)$ as follows:

The shares had a market price at the time of $$12$ per share.

e$.$ At the end of $2023,$ the company failed to accrue $$116,000$ of interest expense that accrued during the last four

months of $2023$ on bonds payable. The bonds, which were issued at face value, mature in $2028.$ The following

entry was recorded on March $1,2024,$ when the semiannual interest was paid, as well as on September $1$ of each

year:

f$.$ A three$-$year liability insurance policy was purchased at the beginning of $2023$ for $$73,800.$ The full premium was

debited to insurance expense at the time.

Required:

For each error, prepare any journal entry necessary to correct the error, as well as any year$-$end adjusting entry for $2024$

related to the situation described. $($Ignore income taxes.$)$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.