The financial year end for Riverwood Ltd is 30 June.

a. Prepaid insurance as at 1 July 2015 was $4,000. This represents the cost of one year's insurance

policy that expires on 30 June 2016.

b. Commissions to sales personnel for the five day working week ending 2 July 2016, totaling $9,600,

will be paid on 2 July.

c. Sales revenue for the year included $570 of customer deposits for products that have not yet been

shipped to them.

d. A total of $900 worth of stationery was charged to the office supplies expense during the year.

On 30 June about $490 worth of stationery is still considered useful for next year.

e. The company has a bank loan and pays interest annually (in arrears) on 31 December.

The estimated total interest cost for the calendar year ended 31 December 2016 is $500.

Required:

Show the effect of each of the situations above (a. - e.) on the accounting equation on 30 June

2016