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Daft Limited has a 100% holding in Brush Limited. Daft Limited has a substantial portfolio of property investments. One of which is an office block

Daft Limited has a 100% holding in Brush Limited. Daft Limited has a substantial portfolio of property investments. One of which is an office block that is used by the group as its administrative headquarters. Three floors are rented out to Brush Limited at a total cost of $90 000 per annum.

Prepare the Consolidation Adjusting Journal Entries for the consolidated financial statements as at 30 June 2020 by eliminating the intragroup service provision.

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