Question: Andrew has just qualified as an actuary. He has commenced practice as Actuary Systems and has provided you with the following transactions for August

Andrew has just qualified as an actuary. He has commenced practice as Actuary Systems and has provided you with the following transactions for August 2022. You are required to record the general journal entries. August 2022 02 06 12 20 25 Andrew contributed $70,000 of his own cash into the business together with a motor vehicle valued at $30,000 and computer equipment valued at $8,000. The business purchased office equipment on credit for $13,200 inclusive of GST. The business provided services on credit to clients for $4,400 including GST. The business received $1,400 owing from credit clients. Andrew withdrew $250 for a skiing holiday deposit.

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