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how to record these transactions. there is no selling price 2 nd MayYou spent $550 incl. GST on miscellaneous office supplies at Officeworks. You paid
how to record these transactions. there is no selling price
2 nd MayYou spent $550 incl. GST on miscellaneous office supplies at Officeworks. You paid for these from your bank account. 2nd May You spent $55,000 incl. GST on office fittings at Rose Office Furniture and paid for them using your bank account. You estimate they will have a useful life of 10 years, and be worth $5,000 at the end of the 10 years. Note that the trial Company in Xero does not allow you to add an asset to the register or create asset types as we did in Demo Company in Week 6 so you'll need to just record this transaction as an asset purchase. 3rd May You sold 20 P96 and 10 P192 to Alex Clarke. Alex paid you the full amount into your bank account. Details of transactions for Week 1: 1s to 5th May 2019Step by Step Solution
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