On 1 March 2022, A Levstek commenced business with bank $10 000, GST receivable $4200, land $25

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On 1 March 2022, A Levstek commenced business with bank $10 000, GST receivable $4200, land $25 000, equipment

$2000 and a motor vehicle $15 000.

On 1 April 2022, A Levstek contributed further funds of $15 000 to the business.

On 7 April A Levstek acquired the ongoing business of L Andy for $20 000 and obtained machinery $7000, inventory

$4000 and accounts receivable control of $ . . . . . . . . . . for E Miletic $1100 and C Odisho $2200.

Enter the above transactions in the general journal of A Levstek.

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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:01 PM

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On 1 March 2022, A Levstek commenced business with bank $10 000, GST receivable $4200, land $25

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General Journal Entries for A Levstek Date Description Account Debited Account Credited Amount Mar 1 ...View the full answer

Accounting An Introduction To Principles And Practice

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