Prepare Journal entries for year ending 30 June 2017 using accrual accounting basis. Disregard all taxes.

5. On 1s of July 2016 the owner brought some computer equipment from home to use in the business. They had previously purchased it with funds from their own personal bank account The office manager recorded this contribution as a debit to "Office Equipment" and a credit to "Owner Contributed Asset Income". The equipment was new and cost S900 6. The business has a mortgage that relates to its principal office premises. Sophie decided to make a payment in early June using $12,000 of her own money against the amount owing. The office manager recorded $12,000 as a DR to Mortgage Payable and S12,000 as a CR to Cash at Bank. 7. Sophie is interested in purchasing new fixtures and fittings for one of her two shops. She has selected a supplier and has decided to organise an S18,000 refurbishment once the business tax return comes through in the next financial year. The office manager has recorded this as an entry of $18,000 to Fixtures and Fittings (DR) and S18,000 Accounts Payable (CR) 8. The business received a cheque of S6,800 from a client, A. Arthur, for training provided in early 2015. The amount had previously been written off as a bad debt. The office manager had recorded this item as a DR to Cash at Bank and a CR to Accounts Receivable 9. Sophie's Sports and Personal Training is currently involved in a court case in which the business is being sued by a client who was injured during a training session. Legal advice provided to the business is that the possibility of losing the case and having to pay any damages is remote (less than 3%), but if damages were awarded they would be worth no more than $12,000. The office manager has recorded this as a CR to Legal Damages Payable S12,000 and a DR to Legal Damages Expense S12,000 10. Several customers paid $6,700 in total for a year's worth of training classes on the 1st of May 2017. Classes wil take place uniformly throughout the year. The office manager recorded the transaction as DR Cash at Bank S6,700 and CR Unearned Revenue S6,700. No further entries have been made 11. The company has an allowance for doubtful debts of $2,400. The current policy is to maintain this at 4% of total credit sales. The Accounts Receivable balance at 30 June is $75,000. No entries in relation to the allowance have been made this year