Appendix 2 Assessment 2
Rhonda’s Plants Accounting Transactions
The owner of Rhonda’s Plants has provided you with the following accounting transaction information which needs to be coded for entry into the computer .
Transaction 1: Rhonda’s Plants sent a sales invoice to Blue Mountains Plant Nursery
Rhonda’s Plants Pty Ltd
ABN: 35 933 853 286 Tax Invoice 5457
Date: 4 / 6 / 2017
To: Blue Moons Plant Nursery,
PO Box 25 Blue Moons 2978
ABN: 44 666 222 876
350 Assorted Pot Plants incl. GST $21,575.00
Transaction 2: Payment of an Entertainment Expense
Cheque number 646 was issued on the 2 /6 / 2017 payable to Zumba Restaurant for $425.00 for a staff function.(Entertainment not deducted for tax purposes)
Transaction 3: On the 12 June 2017 $22,000 was received from vegepod international for overseas sales
Transaction 4: On 17/6/2017 Cheque number 647 was issued to Telstra for an amount of $660 (GST Inclusive) in respect of a new iPhone used by the business owner. You are advised that 25% of the bill is regarded as Private Use.
Transaction 5: On the 18/6/2017 the business purchased a new machine from the ADSA Machine Company for $16,340.00 (GST Inclusive) on 30 days credit. (ADSA’s ABN is 45 221 332 444).
Transaction 6: On the 20/6/2017 Cheque number 648 for $249.00 was issued to Flowers R Us for the purchase of Fertilizer. Flowers R Us has quoted an ABN but is not registered for GST.
Transaction 7: On the 22/6/2017 Bank Interest of $300 received
Transaction 8: An EFT payment was made on 23/6/2017 to AMP Super for $855.62 being outstanding Superannuation deductions for the month of May 2017
Transaction 9 Payment of $300 to Paul Lambert for Repairs and maintenance
Transaction 10: On 30/6/2017 the owner of the business purchased a new car principally for sales and marketing purposes. Details are as follows: Cheque number 650 for $67,500 ; Supplier: Artarmon Honda;