Accounting

Accounting MNGT5211 Semester 1, 2012 Assignment Due: Week 11 kind; Submission: laboured copy in class straits One (36 per centime) You are providing pecuniary advice to the caution of Brisbane Ltd, a slender wholesaler of electronic components fit(p) near the Brisbanes central transmission line district. The firm is considering how best to finance the purchase of some additive equipment and has asked your opinion. They provided a closing balance sheet as at 30th June 2012, an income bid for the final quarter of the financial social class (March to June 2012) and a comp give notice of all the transactions that had occurred in the month of July 2012. The transactions are as follows: 1. compensable wages outstanding at the end of June. 2. Made credit gross gross revenue of $627,000. (The cost of those goods sold was $375,000). 3. stipendiary $510,000 to credito rs. 4. Purchased $240,000 inventory on credit. 5. give cash for annual insurance policy premium of $252,000 (12 month policy commencing 1 August 2012). 6. received $840,000 from debtors. 7. Made cash sales totalling $135,000. (The cost of those goods sold was $96,000). 8. paying(a) $45,000 off the directors loan (The loan is liaison free). 9. paid the first of cardinal equal instalments on the valuate liability. 10. Incurred wages expense of $93,000 for July. 11. Paid rent for August of $72,000. (Rent is payable periodical in advance) 12. Paid administrative expenses, incurred during the month, of $63,000. 13. Received recounting that Noosa Ltd has gone bankrupt this is a debtor whose balance is $39,000. 14. aft(prenominal) writing off Noosa Ltds balance, management decide to precipitate the provision to $54,000. 15. Depreciation is c! alculated monthly as 15 per cent per annum for motor vehicles and 20 per cent per annum for plant and equipment, establish on cost. 16....If you want to get a full essay, hallow it on our website: BestEssayCheap.com

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