QUESTION I: Balance Dav Adiustments (20 marks) Anne Chovi is the sole proprietor of Scooba Dive Inc located in a popular beachside location referred to as 'T Cove'. Anne has been successfully operating her environmentally friendly Scuba Diving gear business for the years. The business primarily stocks goggles and facemasks, wetsuits, scuba tanks and other assorted diving Anne also runs diving courses to promote the beauty Of the reef and the continued need to 100k after the m, environment. Anne is so busy with the management Of the business and running the divingcourses that she unable to attend to the bookkeeping, so she hired Jones co Accounting Specialists Pty Ltd to take over the accounting function. You are the graduate accountant working at Jones & co Accounting Specialists Pty Ltd now responsible for preparing the year-end Balance Day Adjustment journals for Scooba Dive Inc. Scooba Dive Inc. Unadjusted Trial Balance As at 30 June 2020 Accumulated Depreciation - Office and Shop Equipment Cash Accounts Receivable Inventory (I July 2019) Prepaid Rent Scuba tanks Accumulated Depreciation -Scuba tanks Office & Shop Equipment Accounts Payable A chovi, capital (1 July 2019) A Chovi, Drawings Sales Sales Returns & Allowances Discount Allowed Purchases Interest Revenue Electricity Expense Water Expense Sales Staff Wages Local Government Rates Expense Insurance Expense Advertising Expense Rent Expense Totals Debit (S) 4,800 28,800 12,800 10,000 112,160 1,720 1 s.ooo 4.800 243,320 credit (S) 2,580 1,580 166,240 720 243,320 On the following page is additional information that Anne has provided to you in relation to the year ended 30 June 2020.