There is no missing information, this will be the whole document. I need some help with the last question if possible, please.

Question 1 Create balance day adjustment entries as at 30/6/2022 entries for the following transactions. Folios are not required for these journals. Use account names as appropriate, and you must include appropriate narration for each journal. (Hint: Do not simply write the narration in just few words \"Balance day adjustments\" which is not enough. Appropriate narration must be meaningful relevant to the journal entry recorded. For information can refer fo the examples described in chapter 15 in the Flipbook in Connect) Transactions: 1. Wages to be accrued for 30 June - $1,000 2. Interest earned but not yet received for June - $550 3. Record Insurance paid as a prepayment on 1/6/2022. The amount of $2,400 (ignore GST) was paid for 12 months coverage commencing 1/6/2022. This entry is to be treated as a \"Standing Journal\". (Hint: Refer to chapter 15 and follow the method prescribed for entry of Standing Journal) 4. Fee income received $5,000 in June was for services yet to be provided. 5. Depreciation on Motor Vehicles for the year was calculated to be $4,500. 6. Annual Leave provision balance is to be $11,000 at 30/6/2022. The opening balance was $5,000 at 1/7/2021 and the payments to employees during the financial year ended 30/6/2022 were $4,500. On completion of these 30 June entries, reversing journals are to be prepared for the new financial year 1/7/2022. (Hint: Not every items would require a reversing journals. Refer to chapter 15 in flipbook to find out what types of accounts would require reversing journal entry) General Journal Date Details Debit Credit 30/6/2022 | Wages expense $1,000 Wages Payable $1,000 To record the accrual of wage expense 30/6/2022 Interest Receivable $550 Interest Income $550 To record the interest earned not yet received 30/6/2022 Insurance Expense $1,200 Prepaid Insurance $1,200 To record the expired portion of the prepaid insurance ($2,400/12mths) 30/6/2022 | Cash $5,000 Unearned Service Income $5,000 To record fee income received fo services not yet provided 30/6/2022 Depreciation Expense $4,500 Accumulated Depreciation - Motor $4,500 Vehicles To record the annual depreciation 30/6/2022 | Wages and salary expense $10,500 Annual Leave Provision $10,500 To record the current year provision for annual leave :_:r'.'r:nllecl copy if printed. Refer to TAFE Queensland intranet for current version of document. Question 2 From the following 30/6/2022 Trial Balance provided by Twinkle Toes Shoe Shop, you are to create an Income Statement and Balance Sheet with detail of period clearly stated. (NOTE: Stock take at end of financial year 30/6/2022 found that the inventory was $3,500.) Twinkle Toes Shoe Shop Trial Balance as at 30 June 2022 Cash at Bank 7,000 Petty Cash 600 Inventories (1/7/21) 3,000 Accounts Receivable Control 12,000 Provision for doubtful debts 1,600 Buildings 30,000 Accumulated Depreciation buildings 2,500 Motor vehicles 8,000 Accumulated Depreciation motor vehicles 2000 Land 88,000 Shares in XYZ Lid 15,000 Goodwill 12,000 Accounts Payable Control 12,850 GST Collected 2,000 Mortgage 27,000 Capital Hank 101,350 Drawings 1,600 Sales 76,500 Commission revenue 1,900 Purchases 27,000 Purchases returns and allowances 1,800 Freight inwards 1,000 Telephone 650 Doubtful debts 150 Bad debts 50 Insurance 4,500 Office expenses 3,500 Freight outwards 4,800 Discount expenses 650 Marketing expenses 10,000 229,500 229,500 123 TMP E v1.6 (23 2) TAFE Queensland. Uncontrolled copy if printed. Refer to TAFE Queensland intranet for current version of document. Income Statement for Twinkle Toes Shoe Shop For period ended Sales For the period ended June 30, 2022 Less Cost of Goods Sold Sales Opening Inventory: Add: Purchases: Purchase Returns Less: and Allowances: Add: Freight Inwards: Cost of Goods Available for Sale: Less: Closing Inventory: GROSS PROFIT + Other Operating Income Commission income Total Operating Income Less Operating Expenses Telephone Doubtful Debts: Bad Debts: Insurance: Office Expenses: Freight Outwards: Discount Expenses: Total Expenses NET PROFIT h-:_:r_'.'rollecl copy if printed. Refer to TAFE Quee n S nd intranet for current version of document. Balance Sheet for Twinkle Toes Shoe Shop As at Assets Current Assets Cash at Bank: 7,000 Petty Cash: 600 Inventories (30/6/22): 3,500 Accounts 12,000 Receivable: Provision for doubtful 1,600 10,400 debts Total current 21,500 assets Non-Current Assets Land 88,000 Buildings 30,000 Accumulated 2,500 27,500 Depreciation buildings Motor vehicles 8,000 Accumulated 2,000 6,000 Depreciation motor vehicles Shares in XYZ Ltd 15,000 Goodwill 12,000 Total current assets 148,500 Total Assets 170,000 Less Liabilities Current Liabilities Accumulated 12,850 Payable GST collected 2,000 123 TMP E v1.6 (22 2) @ TAFE Queensland. Uncontrolled copy if printed. Refer to TAFE Queensland intranet for current version of document. FNSACC421_AT1_W_TOM_v1.docx Total current 14,850 liabilities Total non-current liabilities Mortgage 27,000 Total Liabilities 41,850 Owners' Equity Capital - Hank 101,350 Drawings 1,600 Retained Earnings 28,400 Total Equity 128, 150 Total Liabilities 170,000 and Equity 123 TMP E v1.6 (23/08/2022) @ TAFE Queensland. Uncontrolled copy if printed. Refer to TAFE Queensland intranet for current version of document. 9Question 3 From the following 30/6/2022 Trial Balance you are to: a) Prepare the closing journals, including appropriate narrations to each entry b) Prepare the Trading, Profit & Loss, and Capital General Ledger Accounts. Brisbane Camping World Trial Balance as at 30 June 2022 Account Name DR CR Cash at Bank 3,106 Accounts Receivable 10,388 Inventory 9,348 Land & Buildings 101,000 Motor Vehicles 25,000 Plant & Machinery 21,000 Accounts Payable 3,000 GST Collected 12,011 GST Paid 13,738 Mortgage 41,000 Capital 124,476 Drawings 14,135 Sales 183,440 Cost of Goods Sold 110,802 Advertising 2,700 Bad Debts 1,200 Discount Allowed 1,407 Freight Out 1,846 General Expenses 18,912 Insurance 3,450 Electricity 2,487 Motor Vehicle Expenses 3,348 Wages & Salaries 17,070 Telephone Expenses 2,990 363,927 363,927 0 '..I'C)||EIZ| copy If printed. Refer to TAFE Queensiar nd intranet for ent version of document. \fFNSACC421_AT1_W_TQM_v1.docx General Ledger Trading Account Date Details DR CR BAL 123 TMP E v1.6 (23/08/2022) @TAFE Queensland. Uncontrolled copy if printed. Refer to TAFE Queensland intranet for current version of document. 12FNSACC421_AT1_W_TOM_v1.docx Profit & Loss Account Date Details DR CR BAL 123 TMP E v1.6 (23/08/2022) @TAFE Queensland. Uncontrolled copy if printed. Refer to TAFE Queensland intranet for current version of document. 13FNSACC421_AT1_W_TOM_v1.docx Capital Account Date Details DR CR BAL End of Assessment 123 TMP E v1.6 (23/08/2022) TAFE Queensland. Uncontrolled copy if printed. Refer to TAFE Queensland intranet for current version of document. 14