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Prepare necessary general journal entries to record purchase

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Reference no: EM132941142

The following are transactions related to the purchase of a machine by Grey Simmons Ltd. Grey Simmons has a financial year ending 30 June. The business is registered for GST.

Problem 1: Prepare necessary general journal entries to record the following transactions. Narrations are not required.

a. The purchase of the machine on 1 July, 2018.

b. The depreciation charge for the reporting period ended 30 June 2019.

c. The purchase of the new motor on 1 July 2019.

d. The disposal of the Machinery on 30 June 2021.

Reference no: EM132941142

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