MorningSun began operations as a retailer in July 2021. It buys and sells one inventory item, air purifier, from a leased warehouse in the outer suburbs of Melbourne. The company is registered for GST which it pays quarterly. Assume GST was last paid on 30 June 2023. It uses the weighted moving average cost allocation method under the perpetual inventory system. The company uses the straight line depreciation method for office furniture and the reducing balance method for motor vehicles and computer equipment. The company employs two people who are rostered over a five-day working week. The employees are normally paid fortnightly up to and including the day of payment. The company has one debtor (Debtor 1) and one creditor (Creditor1). Terms for all credit sales and purchases are 30 days. There is no settlement discount. 2. Transactions for the month of July 2023: 3 July Sold 1 air purifier on credit 4 July Paid \$110 (GST inclusive) in motor vehide expenses 5 July Sold 2 air purifier on credit 7 July Paid \$2,200 in wages (ignore PAYG withheld) of which half was to offset Wages Payable carried forward from the previous month 7 July Received $15,900 from accounts receivable 10 July Paid \$2,475 (GST inclusive) for insurance 10 July Purchased 2 air purifier on credit for $3643.2 (GST inclusive) each 11 July Purchased computer equipment for $3,740 (GST inclusive) in cash 12 July Returned 0 faulty air purifier purchased on 10 July 14 July Sold 3 air purifier on credit 17 July Purchased 3 air purifier on credit for $3801.6 (GST indusive) each 18 July Paid $11,000 to accounts payable 19 July Received advertising invoice for $385 (GST inclusive) payable in 30 days 21 July Paid $2,200 in wages (ignore PAYG withheld) 21 July Purchased 3 air purifier on credit for $3960 (GST inclusive) each 24 July Sold 6 air purifier on credit 25 July Received 1 air purifier sold on 24 July as a sales return. Received items were undamaged and returned to inventory 26 July Received $41,100 from accounts receivable 27 July Paid $28,000 to accounts payable 28 July Paid \$363 (GST inclusive) for additional office supplies 3. Additional information: \begin{tabular}{l|r|} \hline Selling price per unit (GST inclusive) & $4,433 \\ \hline Cost of opening inventory per unit & $3,168 \\ \hline Units missing at the end of the month based on physical count: & 1 \\ \hline Annual depreciation rate for motor vehicle is: & 25% \\ \hline Annual depreciation rate for office furniture is: & $500 \\ \hline Residual value for office furniture is: & 30% \\ \hline Annual depreciation rate for computer equipment is: & \\ \hline For newly acquired depreciable assets, depreciation starts from (and includes) the day \\ of asset acquisition \end{tabular} TRANSACTIONS FOR THE MONTH \begin{tabular}{|l|c|c|c|} \hline Date & Accounts & Dr (\$) & Cr (\$) \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}