Outlook all - 00:04 1 0 7% 351(2).pdf O CROWN Crown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371...
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Required: Prepare General Journal Entries to record the Balance-Day Adjustments.
Outlook all -00:041 0 7%351(2).pdfOCROWNCrown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371 CRICOS Provider Code: 02870D. GBNorth Sydney Campus: 116 Pacific Highway North Sydney NSW 2060 P 02 9955 0488 F 02 9955 3888Sydney CBD Campus: Level 5, 303 Pitt St Sydney NSW 2000 P 02 8959 6340 F 02 9955 3888FROM POSSIBILITYTO ACTUALITYCanberra Campus: Suite 1, Level 4, 40 Cameron Avenue, Belconnen, ACT 2617 P 02 6253 5184The Balance-Day Adjustments as at 30 June 2019 are:Stock on hand - $11,800Office salaries owing - $400Commission revenue received in advance - $1,200Depreciation for plant and machinery at 20 per cent per annum using the reducing-balance methodDepreciation for motor vehicles at 10 per cent per annum using the straight-linemethodRent revenue earned but not received - $1,400 (GST exclusive)Unpaid interest - $160Advertising paid in advance - $400 (GST exclusive)Provision for long service leave to be five per cent of all salariesIncrease provision for annual leave to $2,200Additional bad debt to be written off - $440 (the original sales included GST)Required: Prepare General Journal Entries to record the Balance-Day Adjustments.BSBFIA401 Assessment Task 02 v1.4Page 7 of 77O
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