Question: can I get help with this question Question 1 - Downtown Industries (8 marks) Wendy Walker owns and operates Downtown Industries. The following transactions relate
Question 1 - Downtown Industries (8 marks) Wendy Walker owns and operates Downtown Industries. The following transactions relate to the purchase of a van. 01/11/21 Wendy borrowed $30 000 from AMP Bank. Wendy will make quarterly loan repayments of $1 000 starting on 15 July. 01/11/21 Wendy used cash purchase a van from The Van Man for $27 500 [including GST). This amount includes 12 months of VicRoads registration of $560 [plus GST). 02/11/21 Wendy paid Sally's Signwriting $880 including GST to paint the business' name, logo and contact details on the van with cheque 75. Prepare the General Journal entries required to record each of the above transactions. Narrations are not required. 8 marks
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