. Prepare the adjustment entry as of 30/06/2012 under the following:

A. On 27 of June 2012, the company paid last weeks wage. Wages that are due and not paid:

28th of June 1200

29th of June 1450

30th of June weekend, no wages

B. Rent paid on 1/12/11 for one year $12,000 net of GST, the company accountant recorded all payment as expense on 1/12/11.

C. The company is required to issue a bank guarantee for one year, bank withheld $20,000 on 31/12/2011 from the company bank account with interest of 4.5% that will be calculated monthly and will be paid at the maturity date.

D. On 30/04/12, the company signed a monthly maintenance service contract for $500 each month; the company policy is to receive the 1st six months in advance. The company received $3000 on 30th of April 2012. Company accountant recorded the following entry on the 30th of April:

Date	Details	Dr	Cr
30/04/12	Cash at Bank	$3000
	Income received in advance		$3000

E. According to the balance sheet, the inventory was $223,500. At the end of the financial year stock take, you have been advised that the inventory value is only $210,000.

F. On 30/06/2012, the company aged receivables which have a total of $306,400. The company estimated 2% of 90 days receivable and 10% of over 90 days will not be able to be collected.

Aged Receivable Summary 30/6/2013
Total Due	0-30 days	31-60 days	61-90 days	91-120 days
$311,400	$220,000	$60,000	$18,000	$16,400