Using the remittance payments of L Cheng (see figure 5.47), prepare the cash payments journal (or general
Question:
Using the remittance payments of L Cheng (see figure 5.47), prepare the cash payments journal (or general journal), post to the general ledger and prepare a trial balance; assume periodic inventory applies.
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2 March 2022 To: E Acton For: Purchase of goods GST @ 10% 359 Remittance Payment 80.00 8.00 $88.00 11 March 2022 To: Wages For: 2 weeks ended 10 March GST @ 10% 1742.00 0.00 $1742.00 678 Remittance Payment 24 March 2022 To: Cabarita Brakes For: Repairs to vehicle GST a 10% 835 Remittance Payment 280.00 28.00 $308.00 To: All Wite Motors For: Service of vehicle GST @ 10% 4 March 2022 206 Remittance Payment supplies GST a 10% To: Delungra Stationery For: Stationery 430.00 43.00 $473.00 To: Wages For: 2 weeks ended 24 March GST @ 10% 13 March 2022 110.00 11.00 $121.00 479 Remittance Payment 25 March 2022 1824.00 0.00 $1824.00 843 Remittance Payment To: Farrer Supplies For: Stock purchases GST @ 10% 7 March 2022 454 Remittance Payment 100.00 10.00 $110.00 To: On Line Advertisers For: Advertising online GST @ 10% To: Sharp 'n Kutt For: Inventory 17 March 2022 170.00 17.00 $187.00 995 Remittance Payment 25 March 2022 880.00 88.00 $968.00 purchased GST a 10% 672 Remittance Payment
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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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