Adjusting Entries - Journal Entries

Can help me write the Journal Entries

Month End 1st January) Adjusting Entries [No Title] vata source - notes and working papers Depreciation entries, refer to for example Prepaid Insurance $7,470 / 10 months of unexpired policy = $747 / month expense (no tax) Transaction Details Sales commission earned by retail assistants during January but not paid amounted to $2,600. Salaries & Wages accrued at the end of the month amount to $3,800. Computer Equipment is depreciated at 35% p.a. reducing balance method. (Written Down Value * 35% * 31-365) Prepaid Insurance as at 15 January, $7,470 as per the trial balance represents the unexpired portion on the annual insurance policy which commenced on 15 November 2017. Shop Fixtures & Fittings are depreciated at 20% per annum straight line (prime cost) method. (Original Cost * 20% * 31-365) The company's short and long term loans are charged interest at the rate of 10.00% p.a. paid quarterly, but accrued daily. Interest is to be accrued on both short and long term loans using the following formula: (Interest Accrual = Loan Balance * interest rate * days in month + days in year) Other expenses accrued at the end of the month include: Electricity $440 Annual Leave Provision $890 Create a Provision for Doubtful Debts equal to 5% of Accounts Receivable as at 31st January On 31st January, after the depreciation charge was made, the company sold some surplus to requirement Computer Equipment that had a written down value of $8,600 at the time of sale, for $8,800 (GST inclusive) cash. The computer equipment had originally cost the company $17,000. Loans Don't forget interest on both short and long term loans! Both interest entries can be journaled together Fixed Asset Sale entries, refer to for example, don't forget GST collection on sale ($800) the bank statement received from the bank at the end of January is as follows