Lina & Luna formed a partnership retailing laptops and providing software installation services. They run the...
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Lina & Luna formed a partnership retailing laptops and providing software installation services. They run the business under the name of "Tech Savvy". Their price list and unit costs (if applicable) are shown below. Products Price List ($) Unit Cost ($). Laptop Delly @ $495.00 (GST Inclusive) @ $330.00 (GST Inclusive) Laptop Lenno @ $880.00 (GST Inclusive) @ $605.00 (GST Inclusive) Software installation @ $148.50 (GST Inclusive) Tech Savvy is registered for GST, and the following transactions occurred during the first five working days of April 2020 (Monday, 6 April - Friday, 10 April 2020). April 6 7 The business sold two (2) x Laptop Delly to Deakin College. Invoice was sent immediately after delivery. Payment would be received on the following Monday, 13 April 2020. The business returned three (3) x Laptop Lenno to its suppliers as the screens were all cracked. The business received cash refund immediately. 7 The business purchased ten (10) x Laptop Delly on credit, net 15. 8 The business provided three (3) x software installation to La Dida College in Bundoora, VIC. Payment was received immediately after the services. On the way to back from Bundoora, VIC, Luna went to Coles and got herself an ice Lina & Luna formed a partnership retailing laptops and providing software installation services. They run the business under the name of "Tech Savvy". Their price list and unit costs (if applicable) are shown below. Products Price List ($) Unit Cost ($). Laptop Delly @ $495.00 (GST Inclusive) @ $330.00 (GST Inclusive) Laptop Lenno @ $880.00 (GST Inclusive) @ $605.00 (GST Inclusive) Software installation @ $148.50 (GST Inclusive) Tech Savvy is registered for GST, and the following transactions occurred during the first five working days of April 2020 (Monday, 6 April - Friday, 10 April 2020). April 6 7 The business sold two (2) x Laptop Delly to Deakin College. Invoice was sent immediately after delivery. Payment would be received on the following Monday, 13 April 2020. The business returned three (3) x Laptop Lenno to its suppliers as the screens were all cracked. The business received cash refund immediately. 7 The business purchased ten (10) x Laptop Delly on credit, net 15. 8 The business provided three (3) x software installation to La Dida College in Bundoora, VIC. Payment was received immediately after the services. On the way to back from Bundoora, VIC, Luna went to Coles and got herself an ice
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