As discussed in section 5, Erica has added two new inventory items to her E Bike City
Question:
As discussed in section 5, Erica has added two new inventory items to her E Bike City business. The new bike, Electric Dream 250 Bike will be purchased from Odyssey Cycles and the Glide Electric Scooter is from Elite Scooters. Both Odyssey Cycles and Elite Scooters are registered for GST.
Purchases in April:
In April, E Bike City purchased the inventory items on credit from their suppliers. The business has made 2 purchases in April.The bills for these purchases are available at the following location: Assignments>Assessment 2>Bills. The bills will need to be downloaded from Canvas in order to complete this task.
Required:
You are required to set up the two suppliers (Odyssey Cycles and Elite Scooters) as contacts by using the information obtained from the bills(i.e. Set up the Name, Address and ABN for each supplier.)
Using the Odyssey Cycles and Elite Scooters bills provided, you are required to record the purchases of inventory made by E Bike City during the month of April.
You are required to apply the payment of last month’s Barry’s bikes bill to settle the full payment (see Barry’s bikes bill that you have downloaded from Canvas).The payment is made on 3rd April by using Citibank account.
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann , David Anderson, Dennis Sweeney, Thomas Williams