Section B Answer all the questions in this section Question 21 (17 marks) The following information taken from Fremantle Consultancy Service Fremantle Consultancy Service Trial Balance (extract) as at 30 June 2021 Debit Credit Prepaid Advertising Prepaid Insurance Stationery Supplies 8 000 2 000 1 000 Electricity 8 000 Unearned Revenue 70 000 Accounts Receivable 101 000 Allowance for Doubtful Debts 2 000 Additional information Advertising expense for the year was $6 800 Insurance paid in advance $300 Stationery on hand on 30 June $200 Electricity for June not yet paid $700 . Consultancy Fees for July $7 000 received in advance Interest earned on investments but not yet received $2000 Bad debts $1000 to be written off to the Allowance for Doubtful Debts. Increase the Allowance for Doubtful Debts to 5% of Accounts Receivable Required Prepare General Journal entries for the balance day adjustments on 30 June 2021.