On 1 March 2022, A Levstek commenced business with bank $10 000, GST receivable $4200, land $25
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On 1 March 2022, A Levstek commenced business with bank $10 000, GST receivable $4200, land $25 000, equipment
$2000 and a motor vehicle $15 000.
On 1 April 2022, A Levstek contributed further funds of $15 000 to the business.
On 7 April A Levstek acquired the ongoing business of L Andy for $20 000 and obtained machinery $7000, inventory
$4000 and accounts receivable control of $ . . . . . . . . . . for E Miletic $1100 and C Odisho $2200.
Enter the above transactions in the general journal of A Levstek.
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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