1. Returned inventory previously purchased on credit to a supplier fic $880 (including GST). 2. Owner contributed a $40,000 vehicle to the business. 3. Purchased equipment on credit for $7,810 (including GST). 4. Purchased inventory with cash for $6,160 (including GST). 5. Sold inventory on credit for $2,640 (including GST). The cost price of the inventory was $600. 6. Paid $6,500 owing to suppliers. 7. Received $1,400 from customers in payment of prior sales on credit. 8. Paid wages of $1,800. Adjusting entry to record for the month: Depreciation for the month is $450. 1. Returned inventory previously purchased on credit to a supplier fic $880 (including GST). 2. Owner contributed a $40,000 vehicle to the business. 3. Purchased equipment on credit for $7,810 (including GST). 4. Purchased inventory with cash for $6,160 (including GST). 5. Sold inventory on credit for $2,640 (including GST). The cost price of the inventory was $600. 6. Paid $6,500 owing to suppliers. 7. Received $1,400 from customers in payment of prior sales on credit. 8. Paid wages of $1,800. Adjusting entry to record for the month: Depreciation for the month is $450