Louise commenced business on 1 October 2022 as Louises Value Plus, buying inventory in bulk and selling

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Louise commenced business on 1 October 2022 as Louise’s Value Plus, buying inventory in bulk and selling it to customers in much smaller quantities. She operates a trading business with the intention of making a profit.

1 October: Louise deposited $6500 into the business bank account and brought a computer valued at $2000 and a motor vehicle valued at $8500 into the business.

2 October: Louise purchased inventory, paying electronically $2420 ($2200 + $220 GST). She also purchased inventory $1155 ($1050 + $105 GST) on credit from O Randolf.

4 October: Louise sold inventory $1276 ($1160 + $116 GST) for cash. The cost of the goods sold was $800.

5 October: Louise sold inventory on credit to R Olsen for $550 ($500 + $50 GST), which had cost $300.

You are required to show the transactions in the Workbook in the general journal format provided.

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