a) On January 13, 2018 Astra Ltd is preparing to close its financial statements for the year 2017. At that date is has calculated the following accruals for 2017:

Electricity for December 2017 $2,000

Water for December $650

Audit fees for the year 2017 $5,500

On March 13 2018, it has paid the above expenses in full, however audit fees actually paid were $5,000 since the auditors decided to give a discount to the company.

Prepare the journal entries for 2017 and 2018 taking into account the above.

b) At 31 October the balance on the payables control account in Mark's general ledger is $79,850 and the total of the list of balances on the personal accounts is $79,310. Mark has discovered that the difference is because a payment for $60 was entered correctly in the day book but was recorded as $600 on the supplier's account.

Calculate the correct value of creditors to be reported on Mark statement of financial position at 31 October.

c) James Din has been advised that one of his customers has ceased trading and that he will not recover the balance of $720 owed by his customer.

Record the journal entry that should be made in the general ledger.