Boston Clothing is a retail shop that sells a variety of swing equipment. An extract of the unadjusted trial balance of Boston Clothing for the financial month ending 30 June 2023 and additional information are as the following: Accounts Dr ($) Cr (5) Prepaid Software 4,000 Cash 4,000 Furniture 40,000 GST Paid 2,000 GST Collected 6,000 Accumulated depreciation 8,800 Accounts payable 2,380 Sales Revenue 80,840 Commission Expense 17,900 Wages Expense 15,000 Utilities Expense 14,620 The following items have not yet been recorded: 1. The furniture depreciates at 2% per month and has not yet been recorded. ii. On 1 June 2023, the business paid $4,400 (including GST) in advance for a 4- month subscription for software they use in the business. The amount was originally recorded on the 1st June as "Prepaid Software" (Asset). Required: a. Record the balance day adjustments in the General Journal provided below. Narrations are not required. (4 marks) b. Explain what would happen to financial performance and financial position if the balance day adjustments in part (a) are not recorded at the end of the financial month ending 30 June 2023? (2 marks)