You are the Financial Accountant for HPP Calculators Ltd.You are in the process of finalising the company's end of year financial statements as at the 30^thJune 20X1.The information that follows provides a series of issues which maygive rise to an adjusting or other entry/s.Each issue is separate and is provided with a blank general journal template.

Required

Complete relevant general journal entries for HPP Calculators Ltd based on the information provided as at 30^thJune 20X1 which is a Thursday.If you don't believe an entry is necessary then just state that.

Narrations/descriptions are not necessary.Round any calculations to the nearest dollar.(GST is ignored).

1.Salaries are paid fortnightly in arrears. The last pay date was on the 23^rdJune 20X1 and salaries were paid to the end of that day.A five business day working week is used.There are 22 employees and they received a total amount of $63,400 on each pay date.

2.On the 1^stFebruary 20X1 the company made a special offer where financial consultants could prepay calculator classes and get a discount but would need to take all classes within 12 months.The offer was a consultant would pay $1,500 for 10 classes (ie $150 per class).335 consultants accepted the offer and paid on the 1^stMarch 20X1 and the accounting entry was to a liability account.As at 30^thJune all consultants had taken four (4) classes.

3.The company has an annual contract with an internet service provider to provide the company's internet services.An annual payment of $22,500 was made on the 31^stMarch and recorded to an asset account.

4.HPP CalculatorsLtd overpaid an invoice for entertainment expenses to the Feathers Hotel on the 15^thJune.They should have paid $458 but paid $845 instead.The company has another function at the Feathers Hotel on the 15^thJuly 20X1 and it's been decided that the overpayment will be taken off the next invoice.

5.A stock-take of calculators on hand at 30^thJune revealed a value of $566,650 whereas the perpetual inventory records show $578,780.