Assuming that Bean's Coffee uses an accrual accounting system, note the following additional information for Balance Day adjustments as at 30 June 2012; Insurance expense of 59,800 paid during the year for the period of 2 years from 1 April 2012 A lump sum payment of 52000 has been made towards bank loan The company bought new equipment worth $18,900 at the end of the period and forgot to record this transaction Calculate depreciation o Furniture at 20%% p.a. prime cost using straight line method Coffee equipment at 20%% p.a. using reducing balance method Bank interest from fixed term deposits of $900 received weekly and the last interest received was on 27 June 2012. One of the customer has gone bankrupt and the company decided to write off bad debt of $5,975 Wages owing to staff of $4,750 are payable fortnightly and the last wage payment was made on 28 June 2012. Further additional information is provided just below the Trial Balance in the given Excel Worksheet. Post all of the above entries in the General Journal and prepare a Balance Day Adjustment using worksheet method. Post all the entries to the General Ledger. Using the Trial Balance and above additional information; 1. Determine accrued income 2. Identify accrued expenses 3. Determine pre-paid income 4. Identify pre-paid expenses 5. Record coffee equipment purchased at end of period 6. Account for inventories and prepare for transfer to final accounts 7. Write off debts 8. Calculate depreciation 9. Calculate staff wages expenses