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MAA261 Assessment Task 2 Student Name: Oscar Bin Student ID: 222200259 Trimester: Trimester 1,2023 Alchem began operations as a retailer in July 2021. It berys
MAA261 Assessment Task 2 Student Name: Oscar Bin Student ID: 222200259 Trimester: Trimester 1,2023 Alchem began operations as a retailer in July 2021. It berys and sells ane irventary item, air purifier, from a leased warehouse in the outer suburbs of Melbourne. The mmpany is registered for GST which it pays quarterly. Assume GST was last paid on 30 September 2023. It uses the weighted moving average cast allocation method under the perpetual inventory system. The company uses the straight line deprediation method for office furniture and the reduding balance methoc for motor vehides and computer equipment. The company employs two pecple who are rostered over a fiveday working week. The employees are normally paid fortnightly up to and induding the day of payment. The compary has one debtor (Debtor1) and cne creditor [Creditor1]. Terms for all credit sales and purchases are 30 days. There is no settlement dismunt. TRANSACTIONS FOR THE MONTH MAA261 Assessment Task 2 Student Name: Oscar Bin Student ID: 222200259 Trimester: Trimester 1,2023 Alchem began operations as a retailer in July 2021. It berys and sells ane irventary item, air purifier, from a leased warehouse in the outer suburbs of Melbourne. The mmpany is registered for GST which it pays quarterly. Assume GST was last paid on 30 September 2023. It uses the weighted moving average cast allocation method under the perpetual inventory system. The company uses the straight line deprediation method for office furniture and the reduding balance methoc for motor vehides and computer equipment. The company employs two pecple who are rostered over a fiveday working week. The employees are normally paid fortnightly up to and induding the day of payment. The compary has one debtor (Debtor1) and cne creditor [Creditor1]. Terms for all credit sales and purchases are 30 days. There is no settlement dismunt. TRANSACTIONS FOR THE MONTH
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