You have been engaged to review the financial statements of Sandhill Corporation. In the course of your examination, you conclude that the bookkeeper hired during the current year is not doing a good job. You notice a number of irregularities as follows:1. Year end wages payable of $3,400 were not recorded because the bookkeeper thought they were immaterial.2. Accrued vacation pay for the year of $31,100 were not recorded because the bookkeeper never heard that you had to do it.3. Insurance for a 12 month period was purchased on November 1st of this year was charged to insurance expense in the amount of $2,640 because the amount of the check is about the same every year.4. Reported sales revenue for the year is $2,120,000. This includes all sales taxes collected for the year. The sales tax rate is 6%. Because the sales tax is forwarded to the State's Department of Revenue, the Sales Tax Expense account is debited. The bookkeeper thought that the sales tax was a selling expense. At the end of the current year, the balance in the Sales Tax Expense account is $103,400.Prepare the necessary correcting entries, assuming Sandhill Corporation uses a calendar-year basis. The books for the current year have not been closed.

The law firm of furlan and benson accumulates costs associated with individual cases, using a job order cost system. the following transactions occurred during july: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10 reimbursed travel costs to employees for depositions related to the obsidian case, $12,500. 14 charged 260 hours of professional time for the obsidian trial at a rate of $185 per hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.