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The following were among the transactions of Micromount Ltd during the month of June 2023 (Assume No GST): 1 June. Issued additional shares for
The following were among the transactions of Micromount Ltd during the month of June 2023 (Assume No GST): 1 June. Issued additional shares for $200,000. . 6 June. Paid monthly rent of $8,000. 9 June. Invoiced a client for work performed, $80,000. . 10 June. Purchased a truck from Mercedes Brighton for $60,000. Paid $6.000 on delivery. The balance is payable in 90 days. A 2 per cent discount is offered for payment within 15 days. 15 June. Sold inventory on credit to Grogun Ltd $90,000, Cost of goods sold $30,000. 21 June. Paid money owed to Mercedes Brighton. 30 June. Declared a dividend of 20,000. REQUIRED Prepare the general journal entries to record the above transactions. Narrations are not required.
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