GST is 10%

GST version On 2 January 2022, Resolve Ltd purchased a new machine for $59 400 (GST Inclusive) with a useful life of 5 years and a residual value of $4000. Resolve Ltd has a maintenance contract with an external provider, XPlan Ltd, to conduct quarterly inspections and repairs to keep the machine in working order. This contract costs Resolve Ltd $1320 (GST Inclusive) per annum and is paid yearly on 2 January. On 1 January 2026 Resolve Ltd completely overhauled the machine at a cost of $15 950 (GST Inclusive). This not only increased the productive capacity of the machine, but extended the remaining useful life of the machine 3 more years. The revised residual value at the end of the useful life of the machine was estimated to be $2000. The carrying value of the parts replaced totalled $950. Resolve Ltd has adopted the straight line method of accounting for depreciation. The financial year ends on 30 June. Required Prepare general journal entries to record: a). the purchase of the machine on 2 January 2022. b). the payment of the maintenance repair contract on 2 January 2024. c). the overhaul of the machine on 1 January 2026. d). depreciation expense on the machine on 30 June 2026