From the following transactions for September 2022 of S Nada, who uses the perpetual inventory system, prepare
Question:
From the following transactions for September 2022 of S Nada, who uses the perpetual inventory system, prepare the purchases journal (or general journal), post to the general ledger and prepare a trial balance. Assume your own source document numbers.
3 Purchased goods from M Karen on credit $968 ($880 + $88 GST).
3 Purchased goods on credit from P Carina $275 ($250 + $25 GST).
10 Purchased office equipment on credit from S Khamsy $726 ($660 + $66 GST).
15 Received tax invoice from Wagga Petrol Co for petrol and oil used by motor vehicles $440
($400+ $40 GST).
18 Received tax invoice for $1045 ($950 + $95 GST) from M Karen for purchase of stocks.
19 Bought trade goods for $374 ($340 + $34 GST) from S Khamsy.
19 Bought stock on credit from Y Lana $649 ($590 + $59 GST).
21 Received a credit note for $253 ($230 + $23 GST) from M Karen for overcharge on tax invoice dated 18 September.
27 Received $1375 ($1250 + $125 GST) tax invoice from T Claudia & Co, insurance brokers.
Step by Step Answer:
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson