On 1^st April, purchased a new vehicle from the dealership. The vehicle cost 27999 inclusive of GST. Jackie paid $5000 as a down payment and borrowed the remainder of $22,999.00 on a 12.99% interest rate-bearing car loan. The tenure of the loan is 5 years. The useful life of the vehicle is 5 years, laptop, printer, furniture, and mobile is 3 years for depreciation purposes.

On 1^st April, Jackie paid $1250 as a vehicle registration fee for 1 year to Access Canberra. The registration will expire on 31^st March 2023.

On 1^st April Jackie purchased a rideshare vehicle license from Access Canberra for $540. The rideshare license will expire on 31^st March 2025.

On 2^nd April 2022, Jackie registered her company Jackie Hunt Ridesharing Services Private Limited with the ATO and applied for the Australian Business Number. She also registered her company for GST.

Jackie is to pay $546 as an instalment for the car loan every fortnight. The first payment will be deducted on the 15^th of April 2022.

On the 3^rd third April, Jackie purchased an annual comprehensive insurance policy for $1600 cash. The insurance policy will be renewable on an annual basis and will commence on the 1^st of April 2022.

On the 3^rd of April, for the purpose of bookkeeping, she purchased a laptop for $1300, a printer for $300, a mobile phone to run the ridesharing app for $2,199, a table, and a chair combined for $450. The laptop will be paid off in 4 equal fortnightly instalments. The first installment of the Laptop will be due on the 3rd of May 2022. The mobile phone is purchased on a plan for $104.99 a month and the plan will last for 3 years. Mobile Plan payment is paid in advance. The first payment of $104.99 is made on the 3rd of April 2022.

She commenced her ridesharing services on the 4^th of April. The ridesharing company pays Jackie every Tuesday, for all the services that she has provided in the previous week. All proceeds are deposited directly to Jackies bank account.

Ridesharing company pays Jackie for 1 week starting on Monday at midnight and ending on Sunday at midnight.

Requirements

Journalize the transactions listed above for Jackie Hunt Rideshare Services Private Limited.

Prepare and journalize any adjusting entries required at 30 June 2022, the end of the accounting period

What are the journal entries required to discharge the GST liability? Calculate GST Payable/Collected and GST Receivable/Paid and settle the GST Liability for the quarter ending on June 30^th, 2022.

Post the transactions into T ledger accounts, including any adjusting entries, and close the T ledger accounts.

Prepare the trial balance and adjusted trial balance for Jackie Hunt Private Limited.