Reference no: EM133433435

Jackie Hunt is a sole proprietor based in Canberra. She provides ride-sharing services and delivery services to the residents of Canberra. She commenced her ridesharing services on April 1, 2022, to sustain her family amid growing costs of living. The following transactions occurred in the months of April, May, and June of 2022. 

1. On 1^st April, purchased a new vehicle from the dealership. The vehicle cost 27999 inclusive of GST. Jackie paid $5000 as a down payment and borrowed the remainder of $22,999.00 on a 12.99% interest rate-bearing car loan. The tenure of the loan is 5 years. 
2. On 1^st April, Jackie paid $1250 as a vehicle registration fee for 1 year to Access Canberra. The registration will expire on 31^st March 2023.
3. On 1^st April Jackie purchased a rideshare vehicle license from Access Canberra for $540. The rideshare license will expire on 31^st March 2025.
4. On 2^nd April 2022, Jackie registered her company Jackie Hunt Ridesharing Services Private Limited with the ATO and applied for the Australian Business Number. She also registered her company for GST.
5. Jackie is to pay $546 as an installment for the car loan every fortnight. The first payment will be deducted on the 15^th of April 2022.
6. On the 3^rd third April, Jackie purchased an annual comprehensive insurance policy for $1600 cash. The insurance policy will be renewable on an annual basis and will commence on the 1^st of April 2022.
7. On the 3^rd of April, for the purpose of bookkeeping, she purchased a laptop for $1300, a printer for $300, a mobile phone to run the ridesharing app for $2,199, a table, and a chair combined for $450. The laptop will be paid off in 4 equal fortnightly installments. The mobile phone is purchased on a plan for $104.99 a month and the plan will last for 3 years. 
8. She commenced her ridesharing services on the 4^th of April. The ridesharing company pays Jackie every Tuesday, for all the services that she has provided in the previous week. All proceeds are deposited directly to Jackie's bank account. 
9. Ridesharing company pays Jackie for 1 week starting on Monday at midnight and ending on Sunday at midnight. 
10. The following Table 1 provides revenue information (exclusive of GST) for Jackie for the months of April, May, and June:

12/4/2022	$750.00
19/4/2022	$525.00
26/4/2022	$1,000.00
3/5/2022	$,250.00
10/5/2022	$1,100.00
17/5/2022	$1,500.00
24/5/2022	$1,700.00
31/5/2022	$1,500.00
7/6/2022	$,650.00
14/6/2022	$,430.00
21/6/2022	$1,600.00
28/6/2022	$1,250.00

11. Jackie earned the following amounts on the last four days of June for which she was not paid by the ridesharing company. 

27/6/2022	$176.00
28/6/2022	$251.00
29/6/2022	$221.00
30/6/2022	$ 250.00

12. On 19^th April, Jackie purchased water bottles and mints for servicing her customers for $175.00. She intended to use the water and mints over the next few months. On the same day, she purchased cleaning supplies such as tissue boxes, wipes, air fresheners, and plastic bags. The cost of cleaning supplies was $125.00

13. The expenses incurred in driving the vehicle including fuel, services and maintenance, cleaning, and parking are also given in Table 2 below. The expenses are paid in cash and are inclusive of GST. 

Date	Expense Type	Amount in AUD (inclusive of GST)	Date	Expense Type	Amount in AUD (inclusive of GST)
11/4/2022	Fuel	79.50	19/5/2022	Car Wash	35.00
15/4/2022	Fuel	83.40	19/5/2022	Fuel	84.00
19/4/2022	Fuel	84.00	24/5/2022	Fuel	86.00
19/4/2022	Drinks and Mints	175.00	29/5/2022	Tire Punctured - Replaced	165.00
19/4/2022	Cleaning Supplies	125.00	29/5/2022	Fuel	84.00
23/4/2022	Car Wash	35.00	4/6/2022	Vehicle Service	485.00
24/4/2022	Fuel	85.00	4/6/2022	Fine - Picking Passengers from bus stop	176.00
30/4/2022	Fuel	85.00	4/6/2022	Fuel	86.00
5/5/2022	Vehicle Service	485.00	10/6/2022	Fuel	91.00
5/5/2022	Fuel	85.00	11/6/2022	Replaced Damaged Mirror	365.00
11/5/2022	Car Wash	35.00	16/6/2022	Fuel	86.00
11/5/2022	Fuel	85.00	21/6/2022	Fuel	86.00
			28/6/2022	Fuel	96.00

14. On 30^th June, Jackie had water and mints worth $121.00 and cleaning supplies worth of $96. 

Requirements

1. Journalize the transactions listed above for Jackie Hunt Rideshare Services Private Limited.
2. journalize any adjusting entries required at 30 June 2022, the end of the accounting period
3. What are the journal entries required to discharge the GST liability? Calculate GST Payable/Collected and GST Receivable/Paid and settle the GST Liability for the quarter ending on June 30^th, 2022.
4. Post the transactions into T ledger accounts, including any adjusting entries, and close the T ledger accounts. 
5. Prepare the trial balance and adjusted trial balance for Jackie Hunt Private Limited.