Please create a journal entries and ledger report. GST Rate is 15%
Date July 1 2 Transactions The couple opened a business bank account with ASB, depositing $60,000 of their savings into it. Bought some inventory from "Out and About Wholesale" on credit and is due 2 August: 1. 1 Cybex E-Priam at $ 1725 each 2. 2 Maxi Cosi stroller at $437 each 3. 2 Mountain Buggy Nano Duo at $598 Bought from "Sweet Home" on credit and is due 4 August 1. 3 Baby Hood cot at $230 each 2. 2 Chicco bassinet at $345 each Bought a delivery van, LDV, from Takanini Delivery Vans', costing $23,000. The couple deposited $10,000, the remaining $13000 is due on 1st September. 3 4 5 1. Bought a laptop and a printer from Office Supplies' on credit, costing $2,300 and $1,725 respectively. Due 15th August Bought from Safety Onboard some inventory on credit. Due 20th August 3 Phil & Ted's Infant Car seats at $184 each 2. 2 Mountain Buggy Safe Rotate at $529 each 3. 3 Britax Booster Seats at $138 each 4. 5 Car-seat accessories at $12 each 5. 5 Moby Wrap Flex at $52 each 6. 4 Moby Classic Wrap at 40 each The couple contributed a ladder to the business valued at $600 Paid (using internet banking) 1. AIA $1,380 insurance for 12 months 2. Takanini Local Newspaper $230 for monthly advertisement 6 7 8 9 10 11 12 14 20 21 25 26 3 Received an invoice from Website Solutions for $450 to be paid on 20th August Kate used the business Eftpos card to buy office supplies from The Stationery Supermarket for $250 Sold the following products to Motherhood Association', on credit. Due on 1st August 1. 1 Maxi Cosi stroller at $630 2. 1 Moby Wrap Flex at $115 3. 1 Phil & Ted's Infant Car seats at $250 Sold by cash 1 Britax Booster Seats at $210 and 1 car-seat accessory at $21 Received an invoice from 'Contact Energy' for electricity used $ 35. Due 14 August Paid $450 to a casual staff Received an invoice from Spark for phone and internet charges of $120. Due 20 August Sold by cash 1 Mountain Buggy Safe Rotate at $862 Paid $210 for fuel at Mobil Bought the following products from Mother & Baby, using Eftpos card: 1. 1 Chicco Highchair (Black) at $152 2. 1 Phil & Ted's Lobster Portable Highchair at $82 3. 2 Philips Avent Single Electric Breast Pump at $250 each 4. 3 Medela Manual Breast Pump at $32 each 5. 3 Philips Avent Natural New-born Starter Sets at $52 each set 6. 10 Philips Avent 125mls bottles at $12 each Sold the following products to Nursery School on credit. Due 28 August 1. 1 Baby Hood cot at $430 each 2. 1 Philips Avent Single Electric Breast Pump at $325 3. 1 Medela Manual Breast Pump at $58 4. 2 Philips Avent 125mls bottles at $20 each Sold by cash: 1. 1 Mountain Buggy Nano Duo at $850 2. 1 Chicco Highchair (Black) at $255 3. 1 Phil & Ted's Infant Car seats at $250 Depreciation for July needs to be recorded. Depreciation rates per annum are 30% for delivery van LDV, and 50% for laptop and 40% for printer. 29 30 3 31 31 31 31 Paid My Rent' for July lease $2000 via internet banking Received full payment from Motherhood Association Received $1000 from Plunkeet for some nursery tools to be delivered/sold on 15 August Below is a summary of products at Cutie Pie Ltd. Code Products CybPr Cybex E-Priam MCST Maxi Cosi stroller MBND Mountain Buggy Nano Duo BHCot Baby Hood cot Chbas Chicco bassinet PTCS Phil & Ted's Infant Car seat MBSR Mountain Buggy Safe Rotate BrBS Britax Booster Seats Accsr Car-seat accessories MbWF Moby Wrap Flex MbWC Moby Classic Wrap ChHc Chicco Highchair (Black) PTHC Phil & Ted's Lobster Portable Highchair PHAP Philips Avent Single Electric Breast Pump MelP Medela Manual Breast Pump PhANB Philips Avent Natural New-born Starter Sets PhAbts Philips Avent 125mls bottles Cost 1725 437 598 230 345 184 529 138 12 52 40 152 82 250 32 52 Price 2400 630 850 430 520 250 862 210 21 115 85 255 195 325 58 89 20 12
