Carrying Your Load provides heavy freight services with large trucks. The following transactions were Carrying Your Load. Ignore GST.

July

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Craig Dienhoff invested $620000 into Carrying Your Load organised to provide trucking services to remote parts of Australia. Purchased a truck for $540000 on credit from P. Strickland. Transferred the amount owing to P. Strickland using online banking facilities to make a direct bank transfer. Paid $1600 to R. Burton for two weeks rent to 14 July. Charged White Cattle Station $12000 for trucking services. Dienhoff withdrew $4000 cash to meet personal expenses. Paid $1200 for advertising on local radio. Received $6200 from Outback Oil for trucking services. Charged Star Company $9600 and received $9000 from Hardie Company for trucking services provided. Received a cheque for $12000 from White Cattle Station and deposited it into the business bank account. Paid $8800 for fuel for the truck.

Required

a. Record all transactions directly into ledger T accounts and prepare a trial balance.

b. Repeat requirement A assuming that a GST of 10% needs to be added for all appropriate transactions.