.1 Prepare the adjusting journal entries required in the records of Summit Solutions (Pty) Ltd for the year ended 31 December 2022, for transactions 1-7 listed under the Notes. Show all workings, and reference accordingly. Journal dates and narrations are not required. Your response should be presented in the following format: (15 marks) 1.2. Prepare the Statement of Financial Position of Summit Solutions (Pty) Ltd for the financial year ended 31 December 2022. Assume that after all the necessary adjustments relating to transactions 1-7. Summit Solutions (Pty) Ltd has an updated/final Retained eaming balance of R1 566950 for 31 December 2022 . .1 Prepare the adjusting journal entries required in the records of Summit Solutions (Pty) Ltd for the year ended 31 December 2022, for transactions 1-7 listed under the Notes. Show all workings, and reference accordingly. Journal dates and narrations are not required. Your response should be presented in the following format: (15 marks) 1.2. Prepare the Statement of Financial Position of Summit Solutions (Pty) Ltd for the financial year ended 31 December 2022. Assume that after all the necessary adjustments relating to transactions 1-7. Summit Solutions (Pty) Ltd has an updated/final Retained eaming balance of R1 566950 for 31 December 2022