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It is now the end of the financial year for Better Bookings. The following additional information is also provided to you for Better Bookings for

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It is now the end of the financial year for "Better Bookings". The following additional information is also provided to you for "Better Bookings" for the year ending 30 June 2021. You need to provide the adjusting entries on 30 June 2021 only for each of the 4 transactions discussed below. You need to complete each of the journals in the template provided. Please show all your calculations. 1) On January 1, 2021 "Better Bookings" paid rent for the business for the next 12 months. On January, 1 Prepaid Rent was Debited, and Cash at Bank was Credited with $24,000. (2.5 marks) 2) On June 1, 2021, a client of "Better Bookings" paid $3,000 in advance for services that "Better Bookings" would provide over the next 2 months. On June 1, Unearned Revenue was credited, and Cash at Bank was Debited. By June 30, 2021 "Better Bookings" had already provided half of these services to the client. (2.5 marks) 3) On June 30, 2021 "Better Bookings" received an electricity bill for June 2021 from their electricity provider. The total amount owing to the electricity provider is $400. This invoice has not been recorded or paid for yet. (2.5 marks) 4) On June 29, 2021 "Better Bookings" provided services to a client to make a booking. These services has not been paid for or recorded yet. "Better Bookings" will send an invoice of $600 to this client on July 3, 2021. REQUIRED: Based on the information provided, record the necessary adjusting journal entries in the templates provided

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