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RM Costs for shipping goods 3,000 Airfare 6,000 Temporary accommodation costs- May and June 8,000 Temporary accommodation costs - July and August 9,000 Reimbursement for

RM Costs for shipping goods 3,000 Airfare 6,000 Temporary accommodation costs- May and June 8,000 Temporary accommodation costs - July and August 9,000 Reimbursement for lease break costs -paid in July, 2,000 lease was terminated in May Reimbursement for additional cost-of-living 12,000 for the period 15 May 2020-15 May 2021 Required: (i)Determine the amount of provision for relocation costs for financial year ended 30 June 2020. Assume that the effect of discounting is immaterial. (ii) Prepare journal entry for the provision. (9 marks)

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