An extract of sally's ledger account reveal the following

30/06/2018 allowance for doubtful debts $12,400

30/06/2018 Accounts Receivable $205,400

Required

Prepare General jounal entries for the following balance day adjustments for the year ended 30 June 2018 including any necessary reversing entries in the following year

A) in addition to given information above , additional Bad Debts to be written off $8,800 ( $8,000 + $800GST)

B) In addition to the given information above, Allowance for doubtful debts wee to be increased to 8% of accounts receivable

C) Interest earned but not yet received of $6,000

D) Rates expense paid but not yet consumed $2,000

E) The balance in the inventory general ledger account as at 30 June 20118 was $37,995. Thee balance as per stock take completed on 30 June 2018 was $36,795. The company uses a perpetual inventory system

F) Rent received for the period 1/4/2018 to 31/7/2018 $44,000 ($40,000 + $4,000GST) The financial year ended 30 June 2018.

G) Outline the Australian accounting standard that provided a framework for the presentation of financial statements Hint refer chapter 9 of your textbook.