solutions with working notes if any

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. Required: 1. Record the general journal entry for the purchase of the van on 1 July 2018. Narrations are not required. (4 marks) 2. Record the general journal entry for disposal of the van. Narrations are not required. (6 marks)