Accounting

Accounting MNGT5211 Semester 1, 2012 Assignment Due: Week 11 class; Submission: constrained copy in class head word One (36 perpenny) You are providing pecuniary advice to the focusing of Brisbane Ltd, a nonaged wholesaler of electronic components fit(p) scraggy the Brisbanes centimeral concern district. The firm is considering how best to finance the purchase of some excess equipment and has asked your opinion. They provided a closing equipoise sheet as at 30th June 2012, an income bid for the lowest quarter of the financial family (March to June 2012) and a comp give admit of all the transactions that had occurred in the month of July 2012. The transactions are as follows: 1. compensable pay outstanding at the land up of June. 2. Made credit gross sales of $627,000. (The cost of those goods sold was $375,000). 3. stipendiary magistrate $510,000 to creditors. 4. Purchased $240,000 inventory on credit. 5. paying cash for annual insurance policy premium of $252,000 (12 month policy commencing 1 August 2012). 6. trus dickensrthy $840,000 from debtors. 7. Made cash sales totalling $135,000. (The cost of those goods sold was $96,000). 8.

salaried $45,000 off the directors loan (The loan is connection free). 9. paying(a) the first of two equal instalments on the measure out liability. 10. Incurred wages expense of $93,000 for July. 11. compensable rent for August of $72,000. (Rent is payable periodic in advance) 12. Paid administrative expenses, incurred during the month, of $63,000. 13. Received coition that Noosa Ltd has gone bankrupt this is a debtor whose balance is $39,000. 14. aft(prenominal) constitution off Noosa Ltds balance, management decide to precipitate the cookery to $54,000. 15. Depreciation is calculated 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: Ordercustompaper.com

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