solution with working notes

Question 4 Jamieson Garden Supplies sells garden equipment on credit and use the net credit sales method to estimate the allowance for doubtful debts. The balance of the Allowance for Doubtful Debts account on 1 July 2018 had a credit balance of $5,800. This business is registered for GST The following information has been provided for the year ended 30 June 2019. Reinstated the account of Wally Wet and recorded the 19 September collection of $1,650 (including 2018: GST) in full payment of his account, which had previously been written off as bad debts. Question 5 Michael Angelos operates a successful painting business 'Paint Plus! The business is registered for GST. The following transactions took place during the year ending 30 June 2019. On 1 July 2018, Michael purchased a van for $32,000 (GST exclusive) cash. He had a tool chest and side racks for ladders installed in the van for a total cost of $4,600 (GST exclusive). He paid an additional $400 (GST exclusive) to a sign writer to paint his name along the side of the van for advertising purposes. The vehicle is depreciated using the diminishing value method of 20% per annum. On 28 December 2018, the van was sold for $29,000 plus GST. Required: 1. Record the general journal entry for the purchase of the van on 1 July 2018. 2. Record the general journal entry for disposa of the van. Narrations are not required