Games Mania made sales of ($11) 000 (including GST) and purchases of ($7700) (including GST) in the

Question:

Games Mania made sales of $$11$ 000 (including GST) and purchases of $$7700$ (including GST) in the quarter ending December 2020. All transactions were on credit and all purchases and sales were subject to GST. Record the relevant transactions to record the collection of GST, payment of GST and the discharge of the liability to the taxation authority.

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