Show the following transactions in the journals of L Buhinjak, initially assuming periodic inventory applies and then

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Show the following transactions in the journals of L Buhinjak, initially assuming periodic inventory applies and then where perpetual inventory applies.

29 August 2022: Stock costing $1200 and tax invoice was sent to A Ciantar for $2222 ($2020 + $202 GST) by L Buhinjak.

3 September: L Buhinjak received a cheque from A Ciantar for the $2222.

6 September: The bank returned the cheque as dishonoured due to insufficient funds.

19 September: A Ciantar remitted funds of $2222 owing on the tax invoice.

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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:01 PM

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Show the following transactions in the journals of L Buhinjak, initially assuming periodic inventory applies and then

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Accounting An Introduction To Principles And Practice

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