Below is the unadjusted Trial Balance for Office Help, a stationery and printing company owned and operated by Danni Dang, as at 30 June 2021.

Office Help

Unadjusted Trial Balance

As at 30 June 2021

Cash at Bank Debt $132,185

Accounts Receivable $34,212

Inventory $98,213

Prepaid rent $5,213

Supplies on hand $4,914

Printing Equipment $42118

Accumulated Depreciation - Printing equipment credit $11934

Furniture & Fittings 46800

Accumulated Depreciation - Furniture & Fittings credit 18720

Accounts Payable 37118

Loan Payable 120000

D Dang - Capital 130000

D Dang - Drawings $36000

Sales Revenue 754112

Sales Return and Allowance $8316

Cost of Good sold 461863

Discount received 13841

Freight inwards 12331

Salary expense - sales staff 64112

Delivery Expense 19218

Advertising Expense 31222

Rent expense 26555

Salary expense - office staff 35112

Electricity expense 12331

Discount Allowed 7400

Telephone expense 7610

Totals 1,085,725 1,085,725

1. Salaries for sales staff which are payable but not recorded as at 30 June 2021 are $7,200.

1. Both the Printing Equipment and Furniture & Fittings are expected to be used evenly over their useful lives. The expected total useful lives and residual values of both assets is as follows:

Estinated useful life estimated residual

Printing Equipment 5 years $2100

Furniture & Fittings 6 years $3200

1. A count of the stationery room revealed that office supplies on hand at 30 June 2021 were $2,418.

1. The balance in the Prepaid Rent account represents a 6-month rent payment for rent that commenced on 1 April 2021.

1. Sales Revenue includes an amount of $4,000 for a printing job that Stationery & Stuff will only print and deliver to their client on 18 July 2021.

1. As of 30 June 2021, Danni has estimated that 5% of the Accounts Receivable may not be collected.

1. Dannie last paid a telephone bill on 31 May 2021, and estimates that the telephone account for the business for June 2021 will be $450.

REQUIRED:

It is now the end of the financial year (30 June 2021) and Danni has asked you to prepare any necessary balance day adjusting journals.

Use the General Journal document provided to record the correctly formatted journal entries required.

IMPORTANT* Journals must be correctly formatted and must include a date and a narration (explanation) for each entry. Marks will be deducted if this instruction is not followed.

Please do it in the table