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Nicholas Cash, the sole proprietor of Advantage Tennis Coaching (ATC), has met with his accountant to discuss the preparation of the ATC's financial statements for

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Nicholas Cash, the sole proprietor of Advantage Tennis Coaching (ATC), has met with his accountant to discuss the preparation of the ATC's financial statements for the year ended 31 December 2020. The following issues were discussed. 4. An annual membership fee of $800 was paid to National Tennis Coaching Association on 1 March 2020. This payment was initially recorded as a prepaid membership. Prepare the relevant general journal adjusting entries (narrations required) for each of the issues identified. (7.5 marks- 1.5 mark for each issue)

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