Swan Ltd operates three motels in large country centres. The accounts for the year ended 30 June 2016 have been finalised, with the exception of any adjustments that may result from the following:

a. Bonuses due to the motel managers totalling $12 000 have not yet been recorded.

b. On 1 October 2015, a comprehensive insurance policy covering building and contents was taken out for the year ended 30 September 2016, the annual premium of $2400 being paid on 1 November 2015.

c. Interest on investments amounting to $450 is due but has not yet been received,

d. A payment of $900 for embossed stationery was charged, in error, to the advertising account,

e. The accounts receivable balance is $171 500. Allowance for doubtful debts is $7000. Bad debts of $350 are to be written off. Allowance for doubtful debts is to be adjusted to stand at 5 percent of accounts receivable,

f. An amount of $4500 spent on a laptop computer was charged to the office expenses account instead of the office equipment account.

g. In May, commission of $360 was received in advance for the six months ending 31 October 2016.

h. At 30 June 2016, accrued electricity charges were $92.

Required:
1. Show the impact of each transaction on the accounting equation.
2. Provide journal entries.