Kalmers & Meehan, a taxation partnership, is preparing its 30 June 2011 financial statements, and seeks advice from PK & Slug, a firm of reputable accountants. What advice would PK & Slug offer in relation to accounting for each of the following situations? If a journal entry is required, what should it be? 1. Steph's Tennis World Ltd owes $70 000 for taxation advice throughout the year. The invoice was forwarded in May. Steph's Tennis World Ltd refuses to pay any part of the invoice, on the grounds that it is dissatisfied with the advice it received from Kalmers & Meehan, since the taxation partnership did not take a few risks' to reduce the company's tax bill. 2. When Kalmers & Meehan's client Ranch Vineyards Ltd suffered liquidity problems during the year, it agreed to pay Kalmers & Meehan in kind: 50 bottles of its best wines, normally retailing at $100 per bottle, but costing $5 per bottle to produce. Ranch Vineyards Ltd was invoiced on 15 May and has not yet delivered the wine. 3. Kalmers & Meehan spent $3000 on a paved walkway to their firm during May. The entrance was paved in May