Trial Balance as at 30 June 2017: Account Debit Credit Sales 3,279 Owners Equity 3,370 Inventory (opening) 1,300 Cartage Inwards 65 Commissions Paid 60 Advertising 33 Bad debts 46 Drawings 40 Accounts payable 2,330 GST collected 600 Bank overdraft 649 Motor vehicle 2,500 Allowance for doubtful debts 60 Furniture & Fittings 260 Purchases 1,594 GST paid 300 Customs Duty 345 Loan due 1,000 Accounts receivable 4,365 Wages for Office 200 Wages for Sales 52 Cartage Outwards 55 Interest receivable 12 Discount received 25 Printing & Stationery 20 General expenses 14 Discount allowed 35 Rent 41 11.325 11,325 Additional information Prepaid rent $30 Accrued wages (sales) $25 Depreciation Motor Vehicles 10% p.a. Depreciation Furniture & Fittings 5% p.a. Bad debts written off $44 including GST Allowance for doubtful debts is to be increased to $200 Stocktake as at 30 June $1,010 Note: Dreamtime Corporation uses the periodic inventory system Required: (a) Prepare the general journal entries for Balance Day Adjustments from the additional information given. (b) Open the relevant general ledger accounts (including Trading and Profit & Loss Ledger accounts) and post the Balance Day Adjustments to these accounts. (c) Prepare the closing journal entries for 30 June d) Prepare the Income Statement for the year ended 30 June (e) Prepare a Classified Balance Sheet as at 30 June