winkle loes, in their first year of business, sell ballet and dance shoes through two outh Australian retail stores and online. In additional to shoe sales, the business Iso earns revenue for shoe repairs and delivery fees. Twinkle Toes prepares their ccounts using the accrual system. Balance day is on 30 June. The following ansactions will need adjusting: (a) The business has recorded $110,000 of sales revenue for the year. However, this figure includes $2,000 worth of prepaid sales on back order. The customers have paid for these goods; however, these goods will not be delivered until the 14th of July. (b) Twinkle Toes has a term deposit which generates $150 per month in interest revenue. The annual interest earned is credited (this is when the business receive it) to the firm's bank account on the 5th of July. (c) On the 1st of March, the business paid for advertising images to appear on a range of billboards around the city. These advertisements cost $12,000 and will appear on the billboards for 6 months, starting in March. The $12,000 was originally recorded as an expense. (d) The business rents their premises which they use for office space. Rent payments are made monthly on the last day of the month for the following month in advance. The annual rental contracts are worth $30,000, the lease contract is in its first year. Rent is recorded as an expense when paid. (for first year of operations). (e) The business pays its sales employees on a weekly basis. Payments for outstanding wages are made every Wednesday, for the week prior. On the 30th of June workers had worked 3 days of the next pay cycle. The business pays $500 a day in wages. Assume Employees work 5 days week, 52 weeks a year.