What is the journal entry for the below transactions:

a. 31 JULY Shop Furniture are depreciated at 18% per annum, straight line (prime cost) method (this asset has a zero-residual value). Depreciation is calculated and recorded using the number of days in the month.

b. 31 JULY Computer Equipment is depreciated at the rate of 35% of carrying amount per annum (using the Reducing Balance method of depreciation). Depreciation is calculated using the number of days in the month.

Financial Period is from 1 July 2020 to 30 June 2021

Opening Balances as at 1 July 2020 Credit General Ledger Account Balances Cash at Bank Accounts Receivable Debit $50,000 $70,000 $191,800 $8,250 $85,000 $32,000 $140,000 $88,000 $59,000 $17,000 Inventory Prepaid Insurance Computer Equipment - at cost Accum. Depreciation - Computer Equipment Shop Furniture - at cost Accum. Depreciation - Shop Furniture Accounts Payable GST Collected (payable) GST Paid (receivable) Sales Commission Payable Salaries & Wages Payable Interest Payable PAYG Withholding Payable Bank Loan - Non-current Share Capital Retained Earnings $6,000 $4,800 $7,600 $1,850 $13,200 $205,000 $103,200 $19,400 $551,050 $551,050