1,850 13,250 5,400 8,200 9,600 Repairs and maintenance 13,984 17,801 98,852 Advertising Depreciation Insurance Payroll taxes Rent Utilities Wages Total Expenses Net Income 168,937 62,581 Activity 4 1. For "Pete's Garages", create records to record the following transactions: 1 June, Carport Model T12, $4,500, J. Smith 1 June, Garage Model G3, $5,500, J Fredrickson. 15 June, Deposit for Garden Shed Model S8, $120, A Better .1 June, Garage Model G2, $6,800, XRZ Pty. Ltd. 6 July, Balance for Garden Shed, $400, A Better. .14 July, purchase 3 reams white paper, $16.50, Officeworks. 12 June, Building consultation, $228.50, V Hungry. 5 June, Garden Shed Model S2, $620.80, B Better 23 June, Payment of rent for month, $3,500, Pacific Rental. .30 June, Building Consultation, $150.00, N Ok. 22 June, Concrete base for Garage, $4,080.20, A Cotter Pty Ltd. 8 June, Home extension - patio, $2,300.20, J Karen. 10 June, Cash sale of building materials, $250.30. 12 June, payment of electricity bill, $145.05, AGL 28 June, Purchase Building Materials, $8095.00, A Abdulla. 4 July, Cash sale of Dog House, $140.00. . 8 July, Cubby House Model H3, $800, S Houser. . 20 June, Repair damage to existing Gargage, $1,600, D Simms. . 18 June, Cash sale of building materials, $52.00, V Mellow. 13 June, Cash sale of building materials, $98.00, G Ng. 10 July, Cash sale of building materials, $458.75, G Ng. .2 July, payment of water bill, $185.00, City West Water. 20 June, purchase office supplies, $30.00, Costco. 23 June, Sale of used equipment, $420.00, F Steam. .18 June, purchase new cut-off saw, $1,680.00, Intact Builing Instruments. 2. Create invoices for all the sales, and assuming that they are all paid except for N Ok on June 30 (Building consultation), issue receipts. 3. 30 June, Building Consultation, $150.00, N Ok has not been paid -send a reminder letter 1,850 13,250 5,400 8,200 9,600 Repairs and maintenance 13,984 17,801 98,852 Advertising Depreciation Insurance Payroll taxes Rent Utilities Wages Total Expenses Net Income 168,937 62,581 Activity 4 1. For "Pete's Garages", create records to record the following transactions: 1 June, Carport Model T12, $4,500, J. Smith 1 June, Garage Model G3, $5,500, J Fredrickson. 15 June, Deposit for Garden Shed Model S8, $120, A Better .1 June, Garage Model G2, $6,800, XRZ Pty. Ltd. 6 July, Balance for Garden Shed, $400, A Better. .14 July, purchase 3 reams white paper, $16.50, Officeworks. 12 June, Building consultation, $228.50, V Hungry. 5 June, Garden Shed Model S2, $620.80, B Better 23 June, Payment of rent for month, $3,500, Pacific Rental. .30 June, Building Consultation, $150.00, N Ok. 22 June, Concrete base for Garage, $4,080.20, A Cotter Pty Ltd. 8 June, Home extension - patio, $2,300.20, J Karen. 10 June, Cash sale of building materials, $250.30. 12 June, payment of electricity bill, $145.05, AGL 28 June, Purchase Building Materials, $8095.00, A Abdulla. 4 July, Cash sale of Dog House, $140.00. . 8 July, Cubby House Model H3, $800, S Houser. . 20 June, Repair damage to existing Gargage, $1,600, D Simms. . 18 June, Cash sale of building materials, $52.00, V Mellow. 13 June, Cash sale of building materials, $98.00, G Ng. 10 July, Cash sale of building materials, $458.75, G Ng. .2 July, payment of water bill, $185.00, City West Water. 20 June, purchase office supplies, $30.00, Costco. 23 June, Sale of used equipment, $420.00, F Steam. .18 June, purchase new cut-off saw, $1,680.00, Intact Builing Instruments. 2. Create invoices for all the sales, and assuming that they are all paid except for N Ok on June 30 (Building consultation), issue receipts. 3. 30 June, Building Consultation, $150.00, N Ok has not been paid -send a reminder letter
