On 31 December 2020 D Burrendong used a debit card to purchase machinery for $6270 ($5700 +
Question:
On 31 December 2020 D Burrendong used a debit card to purchase machinery for $6270 ($5700 + $570 GST) to be depreciated at 20% p.a. and an estimated scrap value of $220 ($200 + $20 GST); as well as office equipment for
$4400 ($4000 + $400 GST) to be depreciated at 15% p.a. Using straight line depreciation, prepare:
• adjustment and closing general journals for 30 June 2021
• an extract income statement for 30 June 2021
• an extract balance sheet for 30 June 2021, and
• an extract balance sheet for 30 June 2022.
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Related Book For 
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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