Alchem began operations as a retailer in July 2021 . It buys and sells one inventory item, air purifier, from a leased warchouse in the outer suburbs of Melboume. The company is registered for GST which it pays quarterly. Assume GST was last paid on 30 September 2023. It uses the weighted moving average cost allocation method under the perpetual inventory system. The company uses the straight line depreciation method for office fumiture and the reducing balance method for motor vehicles and computer equipment. The company employs two people who are rostered over a five-day working week. The employees are normally paid fortnightly up to and including the day of payment. The company has one debor (Debtorl) and one creditor (Creditorl). Terms for all credit sales and purchases are 30 days. There is no settlement discount. 3. Additional inlormation: For newly acquirod depmisible assets, depectiation stirb froen (iand inchades) the day of 47. ascet acuuision insanince stant from (and inclades) the diry of payment and covers both wezkdyys and weelende lisuinnge concrate penod (in days) is 44 Oitior wephios on luind at end of the moeth were: At the end of the moen the conrany poxurls polentail bud debcexpenue uand the 45. pertentaut of net credit cales rethod. The rater ased to eftimati bud deber is Infeice on baink loun is paid every 2 moeths with the last puyment made on 30 Septerther 47. Wayes have iocnided ince the liat payment oe 200 Qtobler 45. The nuriber if marnths termaining in Prenuid nent M the start of Octwher 2023 wasc pitul QerthinI. Re H. TRANSACTIONS FOR THE MONTH Alchem began operations as a retailer in July 2021 . It buys and sells one inventory item, air purifier, from a leased warchouse in the outer suburbs of Melboume. The company is registered for GST which it pays quarterly. Assume GST was last paid on 30 September 2023. It uses the weighted moving average cost allocation method under the perpetual inventory system. The company uses the straight line depreciation method for office fumiture and the reducing balance method for motor vehicles and computer equipment. The company employs two people who are rostered over a five-day working week. The employees are normally paid fortnightly up to and including the day of payment. The company has one debor (Debtorl) and one creditor (Creditorl). Terms for all credit sales and purchases are 30 days. There is no settlement discount. 3. Additional inlormation: For newly acquirod depmisible assets, depectiation stirb froen (iand inchades) the day of 47. ascet acuuision insanince stant from (and inclades) the diry of payment and covers both wezkdyys and weelende lisuinnge concrate penod (in days) is 44 Oitior wephios on luind at end of the moeth were: At the end of the moen the conrany poxurls polentail bud debcexpenue uand the 45. pertentaut of net credit cales rethod. The rater ased to eftimati bud deber is Infeice on baink loun is paid every 2 moeths with the last puyment made on 30 Septerther 47. Wayes have iocnided ince the liat payment oe 200 Qtobler 45. The nuriber if marnths termaining in Prenuid nent M the start of Octwher 2023 wasc pitul QerthinI. Re H. TRANSACTIONS FOR THE MONTH
