Show the following transactions in the two journals of P Kulevska. Assume that perpetual inventory applies. 5
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Show the following transactions in the two journals of P Kulevska. Assume that perpetual inventory applies.
5 October 2022: P Kulevska deposited $792 into her bank account. This was from a cash sale of $297
($270 + $27 GST), at an inventory cost of $160, paid in notes and coins from U Calic and a $495
($450 + $45 GST) cash sale, with an inventory cost of $300, paid by cheque from F Bruzzano.
8 October: The bank advised that the cheque from F Bruzzano had been dishonoured.
11 October: F Bruzzano was finally contacted and he advised that there were now sufficient funds in the account to meet the cheque. P Kulevska deposited the cheque again on that day.
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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