Question 3 A) Explain whether adjustments should or should not be included for the events below if you were preparing financial statements for the year ending 30 June 2021. Include which accounting concept applies in your answer. 1. Vehicles are on a 5-year lease, and are depreciated on a reducing balance basis of 20% per year. 2. Bad debts are to be provided for at 2% of Trade Receivables. 3. Rent for July 2021 of 5400 is included in the rent expense. 4. An order is received for products which have not yet been despatched from the workshop. The customer has paid in advance. 5. Electricity to the value of 2900 is included in the administration expenses. This amount covers the period January to September 2021 (10 marks)