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Emest began operations on 1 kdy 2017 under he business name payer 1 VR Headsets The business retails th ·of tne line-inaal Reality headsets that retails for $550 nduding GST) and costs $275 nduding GST) to purcha se from a Supplier IOl Supplies Corporation, Emest also does installation and work to which he danges 165 únduáng GST) per har his time. The business is onerdy operating in Melbournes Soth-East neod to Relevant information: s at the 1 January in the current vear: business purchased oompterequipmen kr $2970 indud ng GST) Paid a 20% cash deposit and tomowed the 2018/1/1 rtrogh a speaal promotion at ABC bank that d arged no interest The ㏄mputer is吥eded to last 6 years d 2 months lease onthe warehasn $27720 induáng GST) Emest needed to buy his friend Wade, a bithday present He bought Wade a birthclay caae for $88 nduding GST) bu 20181/7 2018/19 018/110delivered the godsa purchased 31 units irentory on crecit from ual supplier O Supplies Corporation paid $6082 of wages to employees Online customer paid $$500 nduding GST) for some VR headkets Ae part of a special promotion Emest went and 2018/1/12 2018/1/13 2018/1/15 2018 1/17 business pays back a hurther $9707 olf the loan owing to A@C bank This payment did not indude any inberest ormer purchased $12550 (induang GST) wortd prodat astmer paid thn amour, inklphn d $316 toli Supplies Corporation for amounts previcusly owing d $381 15 of irwentry únduang GST) hcm ,ia Supplies Corporation, with 20% paid as a down payment and ast mer Furchased $3300 in uáng GST) worth of VR headines and paid 70% of lhe amount in cash and the mistakerly used the business debit cand to pay for hael for his car The petrol is a private expense, and came to Billed dient for installation servioes perlomed total inwoice came to $165 nduding GST) The dient has yet to ee d 43 units to Artemis Corporation, a corporate dient who wants to use VR headsets as part of their markeing 2018/1/22 cut to repair Some VR headsets a dier. The lob .7 hors to ㏄mplete Emest wrote an inace to the 2018/1/2 İEmest wen The business reoives a cash payment from Artemis Corporation for Furchases made Frevicusly This amour snggles all eaded to pays o all debes outstanding toIl Supplies Corporation indudng any payables at the sart of the ved bill from a business consulting agency for consdting work perfomed during the month The amount payable 2018/1/26 2018/1/31 the end of the month the business owed its employees $9568 worth of urpaid wages

A general journal and ledger is required .

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