Preparation of Accounting Records for a Retailer Xero - Accounting Assignment Help

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Question 1 -Preparation of accounting records !or a retailer - using Xero Surfs tip bsmessi=Commenced" " December 22.T"e us'n 7s Mrs Wave,businessan shops/retailers partnership. The enf,covv account. ngtransactions occurred during December 2021. Note: all payments were made from the business bank account, and all money received was deposited into the business b Detail Mr and Mrs Wave each deposited 550,000 into the business bank account (5100,000 in total). The business purchased and paid for 100 longboards at 5180 each and 60 shortboards at 5160 each from its supplier, Epic Boards ltd. The business paid Frank's Warehousing 53,000, for business rent for the period 1 December 2021- 28 February 2022. The business paid Bizinsure 51,800, for business insurance for the period 1 December 2021 - 28 February 2022. Tbilb.taissian::::=ongboards (at $290 each) and 40 shortboards (at 5300 each) to Surf Shack Ltd. The customer paid via direct payment into the 9 Dec The business purchased (and paid for) stationery from Officeworks for 5124 (all of the stationery was used during the month of December).The business purchased 100 longboards at 5175 each and ISO shortboards at SISO each from its supplier, Epic Boards Ltd. The stock was Purchased 14- d The business paid Epic Boards Ltd for the purchases made on 10 December 2021, by electronic funds transfer. The business paid Smart Loc. Ltd 5160 for some repairs.

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