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Help Required Chattel Mortgage with Balloon Repay + Own deposit using essential

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Hi , Have read through the various suggestions re chattel mortgage , but cat get throug my non accounting head. 

The scenario is New Cr total Cost 84800.01 (incl of GST & LCT)

Deposit 15,000 (paid by CC)

GST 7311.06 

LCT 1206.35 

 

Chattel Mortgage details

Price 84800.01

Fees & Charges 1440

less dep 15000

Amount Finance 71240.01

Total Int 8639.82

Total payable 79879.83 over 36 months (1195.98 x 36)

Balloon 36824.55

 

Could someone provide me the full set of entries. To properly post this in MYOB essential. Thanks in advance. Help would be much appreciated. 

 


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