QUESTION 1: Use the following balance day adjustments and General Journal provided by the Trainer to accurately prepare the necessary month end adjustments according to accounting standards and double entry rules: Tyson Trading supplies the following information in relation to balance day adjustments needed for the year ended 30th June 2021. Wages incurred but not yet paid $2,000 Rent revenue received in advance $400 The annual insurance premium of $3,600 was paid on 14 April 2021 for the next 12 months. The full amount was entered into the expense account on April 1: Interest revenue earned but not yet received $1,500 Tom Tardy owes the business $660 (Inc. GST). This is to be written off as a bad debt Allowance for doubtful debts is to be maintained at 2% of the accounts receivable balance. The balance of accounts receivable before Tom Tardy was written off as a bad debt was $20,660 and the balance in allowance for doubtful debts before adjustments was $150. Required: Prepare general journal entries for the balance day adjustments on 30th June 2021