Marty Joh started Marty’s Mower and Small Engine Repairs business on 1 March 2022 with bank $6000 and equipment valued at $3000; a spare shed on his property is used as the workshop. This service business uses cash-based accounting.

Use the general journal for the commencement of the business.

Enter the following transactions, where appropriate, in the relevant journal. Post all journals to the general ledger and prepare a trial balance as at 31 March 2022.

3 Received cash for repairs made to mower, invoiced as $132 ($120 + $12 GST).

5 Purchased spare parts and oils on credit from Johns Distributors; tax invoice showed $154 ($140 + $14 GST).

10 Received cash for repairs to ride-on mower, $220 ($200 + $20 GST).

12 Purchased parts on credit from Johns Distributors for a major rebuild of large ride-on mower

$385 ($350 + $35 GST).

17 Tax invoice to S Joyce for major rebuild $2750 ($2500 + $250 GST); payment terms net 7 days.

19 Repaired three mowers totalling $616 ($560 + $56 GST) and received cash and cheque in payment.

23 Received $2750 from S Joyce as per tax invoice date 17 March.

25 Repairs to pump engine, would not work $440 ($400 + $40); received customer’s remitted funds the same day.

26 Ride-on mower received; it had been fully submerged in water for 15 hours. Ordered necessary parts.

28 Received parts from Johns Distributors ordered on 26 March; tax invoice totals were $495 ($450 + $45).

31 Paid electronically for the parts received during the month from Johns Distributors $1034 ($940 + $94).