The financial year-end for Riverwood Ltd is 30 June.
a. Prepaid insurance as at 1 July 2015 was $4000. This represents the cost of a one-year insurance policy that expires on 1 March 2016.
b. Flamingo was entitled to a dividend revenue of $5000 which will not be received until mid-July, 

c. Commissions to sales personnel for the five-day working week ending 2 July 2016, totalling $9600, will be paid on 2 July.
d. Sales revenue for the year included $570 of customer deposits for products that have not yet been shipped to them.

e. A total of $900 worth of stationery was charged to the office supplies expense during the year. On 30 June, about $490 worth of stationery is still considered useful for next year.

f. The company has a bank loan and pays interest annually (in arrears) on 31 December. The estimated interest cost for the calendar year ended 31 December 2016 is $500.

Required:
1. Show the effect of each of the above on the accounting equation at 30 June 2016.
2. Give the adjusting journal entry for each of the above situations on 30 June 2016.