1) Prepare necessary adjusting journal entries for the above events (15 Marks). 2) Prepare a single Statement of Comprehensive Income (6.5 Marks), a Statement of Financial Position (8 Marks) and a Statement of Changes in Equity (5.5 Marks) in accordance with applicable accounting standards for financial year end 30th June 2017. 3) Prepare at least fifteen (15) notes to the financial statements according to the relevant accounting standards
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