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6. On 1 July 2013 Nelson Ltd sells a machine to James Ltd in exchange for a promissory note that requires Adams Ltd to make five payments of $9000, the first to be made on 30 June 2014. The machine cost Nelson Ltd $20000 to manufacture. Nelson Ltd would normally sell this type of machine for $30326 for cash or short-term credit. The implicit interest rate in the agreement is 10%. What are the appropriate loumat entries to record the sale agreement and the first two instaiments using the net-interest method? 7. Gold Ltd is a manufacturing company with three subsidiaries. The following information relates to the goodwill account of Broadbeach Ltd for the year ended 30 June 2022. What is the carrying amount of goodwill as at 30 June 2022 consistent with AASB 136 Impairment of Assets? a. Zero b. $100,000 c. $40,000 d. $150,000 9. Publishers Are Us receives subscription money in advance, and has received $50000 from customers on 1 February to cover the next ten issues of Wheels Galore. There are ten issues a year-one at the end of each month except for January and December. What are the appropriate accounting entries to record the receipt of the subscription money and (assuming no monthly entries have been made) the adjusting entry at 30 June (after June's issue has been mailed to subscribers)? 10. In relation to the expense associated with the creation of an allowance for doubtful debts, the Australian Taxation Office: a. never allows a deduction for taxation purposes for that amount. b. allows a deduction for taxation purposes for that amount when it is recognised as an expense. c. allows a deduction for taxation purposes immediately. d. allows a deduction for taxation purposes only when there is a bad debt written off against a debtors account