The business of Marie Hend purchased on credit machine 1 on 30 November 2021, which was operational at that date. The cost including installation was $35 750 ($32 500 + $3250 GST) and there is an estimated residual value of $2200 ($2000 + $200 GST). A straight line depreciation rate of 15% p.a. is used.

Machine 2 was purchased on credit on 2 December 2021 for $86 295 ($78 450 + $7845 GST). The installation and commissioning of machine 2 occurred on 31 March 2022 at an additional cost of $7480 ($6800 + $680 GST). The diminishing balance depreciation method is used at a rate of 30% p.a. and the residual value is estimated to be $3850 ($3500 + $350 GST). Prepare:

a. a time line to 30 June 2023

b. appropriate depreciation worksheets to 30 June 2025

c. the balance day adjustment journal for depreciation for 30 June 2023

d. extract general ledger accounts relevant to the question to 30 June 2023

e. an extract income statement for the year ended 30 June 2024

f. an extract balance sheet as at 30 June 2025.