Question: i need typed answer and don't copy chatgpt.i will rate you Answer. A registered entity has the following receipts for the quarter Sales [GST Free]

i need typed answer and don't copy chatgpt.i will rate you Answer.

A registered entity has the following receipts for the quarter

Sales [GST Free] 15,000

Sales [including GST] 110,000

Rent income received on a commercial property [including GST] 22,000

Dividend income 5,000

Business Loan from Bank of Victoria 85,000

Additional owners capital 25,000

Required : Calculate the amount to be recorded at T1

Pls answer as soon as poosible

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