Question: High Mark Limited has recently purchased three non-current assets for business use. Asset (1) 15 March 2022 Asset (2) Asset (3) 04 June 2022

High Mark Limited has recently purchased three non-current assets for business use.

High Mark Limited has recently purchased three non-current assets for business use. Asset (1) 15 March 2022 Asset (2) Asset (3) 04 June 2022 12 August 2022 Motor car - cost $5,000. It is purchased from Quick Motor Ltd, paid by cheque Machinery - Cost $2,100. It is purchased from Excellent Machine Co Ltd on credit. Office furniture - Cost $3,500. It is purchased from Woody Furniture Ltd, paid by cash Required: Prepare the journal entries to record these three transactions. Narratives are required

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