You are preparing financial statements for the year ended 30 June 2022. Record the correcting, adjusting and closing entries on 30 June 2022

1. A transfer of $10,000 was made to a 12-month Term Deposit on 1 December 2021. Interest of 3% p.a. will be received at maturity. Prepare a journal entry to accrue of interest earned

2.Office Equipment is depreciated over four years straight-line, with no residual value. The office equipment shown in the 2021 Post-closing TB was acquired on 1 March 2021. The office equipment added during the year was acquired on 5 July 2021 (Depreciate from 1 July). Record the depreciation charge for Office Equipment for the reporting period

3.The invoice for the period 1 May to 30 June 2022 from Water Corporation has not yet been received. The charge for the previous comparative period (May-June 2021) was $1234, which is also the expected charge for May to June. Using Accrued Expenses, prepare a journal entry to accrue the water expense.

4. The June invoice for security monitoring ($100 per month) has not been processed. Using Accrued Expenses, prepare a journal entry to accrue the security expense.