Hi,

I have tried doing the end of period adjustments for this, but its really confusing me. I think there is a few transactions within this situation but I'm having problems separating them apart. Any help in the right direction would be appreciated

On 30th June, after the depreciation charge was made the business sold an old delivery truck that had a written down value of $7200 at the end of the month, for $6,600 cash (the $6,600 is inclusive of GST). The delivery truck originally cost $20,000. The amount was not banked as at 30th June