How would i journalise such a transaction?
MBB CATERING SUPPLIES Pty Ltd. acn: 780 088 423 290 ABN: 42 088 423 290 352 Boutique Boulevard Templestowe, 3107 SHARE CERTIFICATE This is to certify that Michael Bruce Brown is the holder of 12,000 ordinary shares in MBB Catering Supplies Pty. Ltd. on payment of $1 per share. Amount paid: $12,000 Date: 1 January 2020 OFFICE MEMORANDUM Date: 01/01/20 To: Michael Brown SUBJECT: 1. PPHUD 2. Michael Brown donated his motor vehicle to the firm. Original cost: $15,000. Current market value: $3,000 in exchange for ordinary shares @ $1 per share 3. Arranged an interest only loan with Grand Bank for $8,000; interest at 5% p.a.; payable quarterly. Principal amount to be repaid 31 December 2022. Loan amount deposited in account today. 4. Depreciate the vehicle equally over 10 years with no residual value. Signed: Michael Brown Credit Note Credit Note No.: 1222 Date: 06/01/2020 KitchenAid ABN 95 000 029 729 6-8 Billbrooke Close Cameron Park, NSW 2286 Phone: (02) 4902 6500 Sold To: MBB Catering Supplies 351 Boutique Blvd Templestowe, VIC 3107 QTY Description Unit Price Amount HD Mixer 450.00 Subtotal Total 450.00 450.00 450.00 MBB CATERING SUPPLIES Tax Invoice ABN 42 088 423 290 351 Boutique Blvd Templestowe, VIC 3107 Phone: (03) 9850 0351 Sold To: Cash Sales Invoice No.: Date: Terms: PO #: 0001 14/01/2020 COD EFT Price Amount QTY 1 Description Ice Cream Machine HD Mixer $1400 $950 $1400 $950 HDN Sale Amount: Freight: Total Amount: Paid Today: Balance Due: $2350 $0.00 $2350 $2350 $0.00 Tax Invoice ROBANDW Invoice No.: Date: Terms: 67456 06/01/2020 N30 ABN 35 945 022 518 1 Inman Rd Cromer, NSW 2099 Phone: +61 2 9971 1788 Fax: +61 2 9971 1336 Sold To: MBB Catering Supplies 351 Boutique Blvd Templestowe, VIC 3107 OTY Description Unit Price Amount 5 Ice cream machine 820.00 4100.00 41 Subtotal Total 4100.00 4100.00 OFFICE MEMORANDUM Date: 06/01/20 To: Michael Brown SUBJECT: 1. Found a faulty HD mixer. Phoned KitchenAid about the problem, and both sides agreed on us returning the goods and KitchenAid issuing a credit note. Signed: Michael Brown Tax Invoice Hi-Road Real Estate 799 High Street KEW 3101 Invoice No.: Date: Due Date: ABN: Biller Code: 089539 01/01/2020 31/01/2020 38 007 498 432 4382 To: MBB Catering Supplies 351 Boutique Blvd Templestowe, VIC 3107 PAID 21/01/20 EFT 4564 Amount Description | Rent due for hiring of premises from 01/01/2020 to 30/06/2020 3.960.00 Total 3,960.00 Tax Invoice KitchenAid ABN 95 000 029 729 6-8 Billbrooke Close Cameron Park, NSW 2286 Phone: (02) 4902 6500 Sold To: MBB Catering Supplies 351 Boutique Blvd Templestowe, VIC 3107 Invoice No.: Date: Terms: PO #: 3403 03/01/2020 N30 1008 QTY Description Unit Price Amount HD Mixer 450.00 Subtotal Total 2700.00 2700.00 $2700.00 GRAND BANK - Receipt 14 January 2020 4.28.pm Receipt number 4562 Amount $4100.00 From MBB Catering Supplies 07 4567 3482 9856 To Roband P/L 5248 Biller Code: Ref: 9301 Inv #67456
