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there are 12 questions and i cannot see all the entries in there.Kindly put all the entries under the same format. Clive Anderson is a

there are 12 questions and i cannot see all the entries in there.Kindly put all the entries under the same format. Clive Anderson is a wealthy businessman just arrived from Manchester, England. As a part of his vision, he is planning to establish a cupcake drive-through in Melbournes CBD. On 1 July 2022, after obtaining the TFN and ABN, the business is officially opened Cupcake War. The name of the shop is inspired by his favourite TV show on Hulu. In the first year of operation, Cupcake War completed the following transactions. You are an intern in charge of accounting. Transaction Details 1 On 10 July 2022, Clive sold his house in England for $1,000,000 and invested half of it in the Cupcake War. A bank account in that name was opened at the Bank of Warrnambool. 2 On the next day, Cupcake War hired two bakers and one waiter. The annual salary of the baker and waiter is $50,000 and $40,000, respectively. Due to the ATOs new regulation, the salary is paid annually in advance. 3 On 15 July 2022, Cupcake War signed a rental agreement with Real Green Real Estate to rent an existing bakery shop at the cost of $20,000. Since Cupcake War paid that amount immediately, it received a 10% discount from the agent. 4 On 1 August 2022, Cupcake War purchased an inventory of flour, eggs, packaging and various artificial flavours, ingredients worth $100,000. Although it was a large order, the suppliers required Cupcake War to pay all the bills immediately. 5 On 15 of August 2022, to cope with a bigger order, Cupcake War purchased a new oven for $20,000 cash. The useful life is assessed as ten years. 6 On 1 September 2022, since the business was slowing down, Cupcake War purchased Facebook and Instagram advertising, valued at $10,000 for advertising in both social media. Cupcake War paid this expense using a debit card from the Bank of Warrnambool. 7 On the same day, 100 boxes of biodegradable packaging were purchased for $50 each. Due to a previous order, Cupcake War was given 90 days to pay the bills. 8 On 1 December 2022, Cupcake War received a big order from Melbourne Airport to celebrate the opening of the Australian borders. The order consisted of 20,000 chococake, 50,000 berry and vanilla and 10,000 banana and lemon. Each cupcake cost $2 and it costs $1.25 to make each cupcake. Half of the sales were cash sales; the rest were due within one month. 9 On 15 April 2023, a cupcake eating contest event raised $70,000 before deducting costs. The purpose of the event was to enable Cupcake War to purchase multiple delivery cars to deliver cupcakes in neighbouring suburbs. The cost of the event was $15,000 which was paid to the venue operator on that day. 10 On 1 June 2023, Cupcake War paid the utilities bill of $7,000 for water, gas and electricity usage. 11 On 15 June 2023, Clive sold 3 bitcoins and put a quarter of the proceeds into Cupcake War to ensure the business stayed afloat. Exchange rate: 1 BTC = $50,000 12 On 30 June 2023, Cupcake War purchased a second-hand Holden Colorado for $40,000. Cupcake War took out a 5-year loan for half of this purchase. The useful life is assessed as ten years.

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