Below is the unadjusted trial balance as at $30$ June $2024.$ The company's financial year ends on $30$ June.

Cash at Bank: Debit: $$24000$

Accounts receivable:Debit: $$32000$

Inventory: Debit: $$22710$

Supplies$($asset$)$: Debit: $$2500$

Prepaid insurance:Debit:$$235$

Equipment$($cost$)$: Debit: $$62000$

Vehicle$($cost$)$: Debit: $$82000$

Cost of Sales: Debit: $$52000$

Sales Returns and Allowances: Debit: $$1870$

Discount Allowed: Debit: $$1500$

Electriciry expense: Debit: $$3000$

Insurance expense: Debit: $$2585$

Sales salaries expense:Debit $$20500$

Selling expense: Debit: $$7570$

Dividends paid: Debit: $$2000$

Accumulated Depreciation$-$ equipment: Credit: $$2500$

Accounts payable: Credit: $$14085$

PAYE payable: Credit: $$1600$

Bank loan $(10\%$ interest p$.$a$.)$: Credit: $$30000$

Share Capital: Credit: $$110000$

Retained earnings: Credit: $$42700$

Sales: Credit: $$114930$

Discount received: Credit: $$655$

Additional data as at $30$ June $2024$:

a$.)$ supplies on hand on $30$ June $2025$ are $$2300$

b$.)$ annual insurance premium of $$2820$ was paid on $1$ July $2023.$ Adjustments to Prepaid insurance have been made until and including $31$ May $2024.$

c$.)$Junes electricity bill of $$500$ was received and is payable on $15$ July $2024.$ This bill has not yet been recorded in the account. Use Accounts Payable to record the electricity bill.

d$.)$ sales salaries accured but not paid as of $30$ June $2024$ are $$3000($Gross$).$ PAYE $(10\%$ of gross$)$ is payable on the $10$th of the first month of each quarter.

e$.)$no depreciation has been charged since the last financial year. Depreciation is to be charged at the following rates:

Equipment: the straight line method at a rate of $10\%$ is used for all equipment. Note: some equipment was purchased on $1$ January $2023,$ while the remaining equipment was bought on $1$ April $2024,$ at a cost of $$12000.$ No residual value is assigned to any of the equipment.

Vehicle: the company vehicle was purchased on $1$ September $2023$ and has a useful life of $5$ years. The estimated residual value is $$4000.$ Straight line depreciation method is used for the vehicle.

f$.)$ the bank loan of $$30000$ was taken out on $1$ July $2023$ for five years. A payment of $$12000,$ including both principal and interest, is due annually. The interest is charged at a rate of $10\%$ p$.$a$.$ and is not compounded.

g$.)$ the company includes supplies, electricity, insurance and depreciation expenses under adminstration expenses. Interest expense is listed separatley under financial expenses.

h$.)$ due to an economic downturn, all profits will be retained at the end of the financial year.

For the purpose of this question please ignore GST and income tax.

$1.)$ Journalise the adjusting entries on $30$ June $2024$ in the General Journal.

$2.)$Complete the Worksheet for the year ended $30$ June $2024.$

$3.)$ Prepare a Classified Statement of Profit or Loss for the year ended $30$ June $2024.$ Your answer should clearly identity Net Sales, Gross Profit, and Net profit $($loss$)$ before tax.

$4.)$ Prepare a Classified Statement of Financial Position as at $30$ June $2024.$