Pumpkin Ltd has provided the following information concerning events occurring after the end of the reporting period. This information is to be used for the preparation of the financial statements for the year ended 30 June 2020. Assume all events and transactions are material.

(i) Creditors invoices dated 28 June 2018 related to services rendered, to be classified as administrative expenses, during the financial year amounted to $3,000 have been omitted. (5 marks)

(ii) Sales invoices amounted to $26,500 have been omitted. The corresponding cost of sales of $11,920 was also omitted in the financial statements. Note: Param Ltd uses the perpetual inventory system

Required: With reference to applicable and relevant accounting standards (AASBs/IFRSs) and accounting principles, classify the above events into adjusting or non-adjusting events after the end of the reporting year; explain and justify on the appropriate accounting treatment based on the AASBs; and prepare the necessary notes to the financial statements or adjusting entries needed in relation to the above events [(i) to (iii) above].