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

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