A QUESTION 3 The closing statement of financial position items are given below for JW Traders as at 30 June 2019: Cash $39,400 Accounts receivable 2,800 Accounts payable $1,200 Capital 41,000 Total $42,200 $42,200 July 4 The following transactions for July 2019 were also revealed as: July 2 Received $2800 from accounts receivable. July 3 Paid $1000 of accounts payable. Paid rent for July $700. July 5 Sent invoice to customer $5600. July 7 Purchased office equipment for cash $2000, July 9 Recorded cash sales $800. July 10 Recorded credit sales $1500. July 14 Purchased office supplies for cash $330. July 23 Cash sales $2000. July 31 Drawings by Jack Wood $800. I Note: At the end of July, Jack realised that the customer invoiced sent on 5 July was recorded incorrectly. The correct amount should be $6,500, TASK a) Please prepare the general journal entries for the month of July 2019. (6 points) b) Please explain what type of error Jack made for the 5th July transaction as mentioned above in the Note. (1 point) c) Prepare an adjustment entry on 314 July (1 point) d) Please explain the impact of this error on the statement of financial position and the statement of profit or loss prior to the adjustment. (2 points) e) Please prepare the statement of profit or loss for the period ending 31 July 2019. (3 points) f) Please prepare the statement of financial position as at 31 July 2019. (7 points)