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For all transactions, please ignore GST and assume that all transactions are in Australian dollars. 1. Jan 1: Amera signed a 2-year lease for a

For all transactions, please ignore GST and assume that all transactions are in Australian dollars. 1. Jan 1: Amera signed a 2-year lease for a warehouse and office for $2,000 per month to store all their inventory. They have paid one month of rent in advance. 2. Jan 1: Sarah contributed $25,000 cash to the business. 3. Jan 1: The owners purchased a delivery truck for $80,000 through a bank loan over 5 years with an interest rate of 6.7 per cent per annum. Payments are required on the first day of every month, with the first payment due on February 1. 4. Jan 1: A new forklift was purchased on credit for $30,500. The payment is due in 10 equal instalments over the next 10 months, with the first payment due on January 30. 5. Jan 5: An order was placed for 100 gaming chairs at a cost of $75 each and 100 gaming desks at a cost of $110 each was placed with Gaming Accessories Co. Delivery occurred the same day and the total was paid in cash. 6. Jan 6: An order was placed for 25 gaming PCs for $300 each from Alliance Digital. Delivery occurred the same day and the total was paid in cash. 7. Jan 7: Sold 50 chairs for $130 each, 50 desks for $180 each and 15 gaming PCs for $390 each to BBG Games. BB Games has been given 90 days to pay their account and the products will be delivered to them in 7 days. 8. Jan 13: An order was placed for 100 gaming chairs at a cost of $70 each and 100 gaming desks at a cost of $100 each with gaming Accessories Co. Delivery occurred the same day and the total was paid in cash. 9. Jan 13: An order was placed with Alliance Digital for 30 gaming PCs for $269 each. Delivery occurred the same day, and Digital Field Day have 30 days to pay their account. 10. Jan 14: Total commission income received in cash for the fortnight for the online store is $2,540. 11. Jan 14: Total wages for the fortnight were paid $2,900. 12. Jan 14: Delivered goods to BB Games, following the transaction on January 7. 13. Jan 15: Sold 35 chairs for $135 each, 35 desks for $185 each, and 20 gaming PCs for $390 each to Gamers Rise. Delivery occurred the same day. The customer was given 90 days to pay their account. 14. Jan 24: Sold 100 chairs for $125 each, 100 desks for $175 each and 15 gaming PCs for $395 each to the Digital Computer Store. Delivery occurred on the same day. The customer was given 90 days to pay their account. 15. Jan 28: Total commission income received in cash for the fortnight from the online store is $1,920. 16. Jan 28: Total wages for the fortnight were paid $2.900. 17. Jan 30: A payment for the forklift was made (see information from January 1 above). 18. Jan 31: A payment was made for various business expenses incurred on the corporate credit card for the month of January of $1,150

Question 1: Inventory calculations | Numeric entry

image text in transcribedimage text in transcribedimage text in transcribed
Gaming Chairs Inventory Purchases Cost of Sale Date Qty Cost Total Qty Cost TotalGaming Desks Inventory Purchases Cost of Sale Date Qty Cost Total Qty Cost TotalGaming PCs Inventory Purchases Cost of Sale Date Qty Cost Total Qty Cost Total

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