Answer parts 1 to 4 based on each question's requirements. Note narrations are not required for journal entries and round all numbers to the nearest whole dollar where appropriate. Show all workings where appropriate. Use the templates below to set out your answer. 1. Supplies on the unadjusted trial balance shows a debit balance of $7,800. A stocktake performed as at 30 June 2020 indicates supplies of $2,400 are on hand. Prepare the necessary adjusting journal entry as at 30 June 2020. (2 marks) 2. (i) Stedler Limited has used electricity for the month of June 2020 totalling $7,800 based on information on the energy providers website detailing usage for the month, however has not received an invoice and the amount is unrecorded. Record the adjusting journal as at balance date 30 June 2020. ( 2 marks ) (ii) If an adjusting journal was not recorded at balance date, advise the impact on profit, assets and liabilities. (2 marks) 3. On 1 January 2020 Stedler Limited paid insurance premiums of $18,000 for 12 months to 31 December 2020. The entire amount was recorded as an insurance expense when the amount was paid. No adjustments have been made to the accounting records since the payment was made, it is now 30 June 2020 (balance date) process the necessary adjusting journal for the insurance premium. (2 marks) 4. Stedler Limited completed consulting work for a client but has not recorded or invoiced the client for an amount of $5,000.(2 marks)