The following transactions occurred for Andrew Ltd for the year ended 30 June 2016:

a. There was a major change in the Australian dollar resulting in a large exchange rate loss.

b. Income tax expense for the current period was determined at year-end.

c Rent was prepaid for July 2016.

d. Four ordinary dividends were declared.

e. One shareholder sold its shares in Andrew Ltd to another company. The shares were sold at a loss,

f. A fire destroyed most of Andrew's inventory. The inventory was uninsured.

g. Management believes it will probably be able to win a major contract to service the government's computers, although no expenditure has been incurred to date,

h. The price of shares of Andrew Ltd fell.

i. A major segment of the business, which comprised only land and investments, was sold for cash. The sale proceeds were below the carrying amount of the assets.

j. Accounts payable were paid.

k. Andrew Ltd provided for future warranty claims.

I. Depreciation was charged on a building.

m. A provision was created for obsolete stock.
n. At a meeting of the board of directors, it was decided that the company would obtain foreign currency through forward exchange contracts in future,

o. Interest was paid for the year ended 30 June 2016, on that date.

p. Internally generated goodwill declined throughout the year.

q. Inventory was sold below cost on credit.
r. Andrew Ltd may be liable for damages incurred by a consumer using one of its products. It is likely that some payment will be required. The amount is dependent upon the outcome of a court case,

s. A bad debt was written off. No amount had been provided in previous years. The debt represented 8 percent of year-end debtors. Bad debts over the last two years have represented 1 percent of year-end debtors.

Required:
1. Which of the above transactions would not require a journal entry?
2. Which of the expenses would affect the operating profit?