I need answer of Q2 and Q3

Complete the following activities:

1. Record the following balance day adjustments in the general journal below.

Show your workings.

1. Depreciation of equipment 10% using the straight-line method
2. Depreciation of vehicles 12.5% using the diminishing balance method
3. Rates paid in advance $600
4. Salaries owing $3,500
5. Interest revenue earned but not received $1,300
6. Create an allowance for doubtful debts equal to 5% of accounts receivable.
7. Physical stocktake determined inventory at end 30 June 2017 was $18,800

General journal entries for balance day adjustments as at 30 June 2017

Create a new Word document and insert your completed table into it.

Save it as Balance Day General Journal

Adjustment	Accounts	Dr $	Cr $
a	Depreciation expenses	4,500
	Equipment accumulated depreciation		4,500
Workings: Straight-line method: Depreciation expenses = 45,000 x 10% = $4,500
b	Depreciation expenses	5,468.75
	vehicles Accumulated depreciation		5,468,75
Workings: Diminishing method: Depreciation expenses = ($50,000 - $6,250) x 12.5% = $5,468.75
c	Rates payment	600
	Cash at bank		600
d	Salaries	3,500
	Accounts Payable		3,500
e	Interest receivable	1,300
	Interest revenue		1,300
f	Bad debts expenses	2,600
	Allowance for doubtful debts		2,600
Workings: Allowance for doubtful debts = 5% x $52,000 = $2,600
g	Closing inventory (cost of goods sold)	1,200
	Inventory (Asset)		1,200
Workings: Reduction of inventory = $18,800 - $20,000 = -$1,200

2. Send an email to your assessor.

The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.

It should introduce and summarise the contents of the attachment and ask for a meeting to discuss these.

Your assessor will answer the email with a date and time for a meeting to discuss the entries.

Attach your general journal to the email.

3. Meet with Andrew (your assessor).

The objective of the meeting is to discuss, and update where necessary, the journal entries.

At the meeting you should carefully go through the journal entries, explaining each entry clearly and using appropriate industry terminology.

During the meeting, demonstrate effective communication skills including:

Speaking clearly and concisely

Using non-verbal communication to assist with understanding

Asking questions to identify required information

Responding to questions as required

Using active listening techniques to confirm understanding