M Bromley purchased office equipment on 1 January 2021 for $19 250 ($17 500 + $1750 GST) and expected that the useful life would be five years with a nil residual value. Use straight line depreciation.

For the year ended 30 June 2022, prepare the adjustment journal and an extract of the balance sheet as at the end of June 2022. Be sure you get the dates correct.