QUESTION 1: Balance Day Adjustments and Posting to General Ledgers (26 marks) Below is the unadjusted Trial Balance for the year ending 30 June 2022 for "Silver Masts Accommodation", a business specialising in providing short stay accommodation in newly renovated historical homes. It is owned and operated by Suzanna. Suzanna is the sole proprietor and keeps records of the business in good order with the help of a bookkeeper. At year end the bookkeeper sends the required information to Copeland & Johnson Accounting Services who complete the necessary balance day adjustments and prepare the end of year financial statements. Cleaning Expense - Accommodation Gas Expense Office Silver Masts Accommodation Unadjusted Trial Balance For the year ending 30 June 2022 Debit ($) 65 400 Credit ($) 2 100 Water Expense - Accommodation 23 752 Gas Expense - Accommodation 12 884 Motor Vehicle 45 000 Cash at Bank 41 896 Term Deposit matures 1 August 2025 200 000 Furniture & Fittings - Accommodation 167 630 Office Equipment 7 824 Rental Returns & Allowances 1 060 Interest expense 9 200 Electricity Expense - Accommodation 17 400 264 475 650 Capital, Suzannal Accounts Receivable Loan Rent Expense - Office Bookkeepers Wages Expense Laundry Expense Accumulated Depreciation - Motor Vehicle 30 256 41 454 78 550 9 000 Mobile Phone and Internet Expense Advertising Expense Cleaning Expense - Office Accounts Payable Office Supplies Expense Drawings, Suzanna 45 490 3 600 24 700 20 000 2 350 53 065 Repairs & Maintenance Expense - Accommodation 182 683 10 233