Annual insurance of $8316 ($7560 + $756 GST) was paid at the end of November 2021. Monthly accounts are prepared and standing journals are used; balance date is 30 June. The insurance expense account was $2850 before the November payment.

You are required to prepare:

a payment of the insurance on 30 November 2021 in general journal format b standing journal for the end of December 2021 c extract general ledger for the prepayment and the expense accounts to 30 June 2022, and d extracts of the income statement and balance sheet for 30 June 2022.