Chee Yong Chaw began his business on 1 July 2025. The business balances its books at month-end and uses special journals and the periodic inventory system. Transactions for July 2025 were as follows.

Required

(a) Prepare journal entries for July 2025, using appropriate journals.

(b) Prepare the following ledger accounts (T format) for July 2025:
i. Accounts Receivable Control ii. Accounts Payable Control iii. Cash at Bank iv. Purchases.

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July 1 2 3 6 7 8 10 13 14 15 19 21 22 23 26 28 Chee Yong Chaw invested $36 000 cash and $21 000 office equipment into the business. Purchased inventory from L. Cao on account for $9000 plus GST; terms 2/15, n/30. Paid July rental of $3600 plus GST; by interbank transfer to Prime Properties Ltd. Purchased inventory from Difabio Ltd on account for $7300 plus GST; terms n/30. Sold inventory to J. Ellis on account for $2000 plus GST; terms 2/15, n/30. Received July rental of $900 plus GST for space sublet to Perth Services. Purchased stationery supplies for $2000 plus GST; electronic funds transfer. Purchased inventory for cash $1980 plus GST. Sold inventory to Giola Ltd on account for $4500 plus GST; terms 2/10, n/30. Purchased inventory from O. Hee on account for $6000 plus GST; terms 2/10, n/30. Paid L. Cao for 2 July purchase with an interbank transfer. Received $2156 from J. Ellis in payment of her account. Sold inventory to O. Kaddish on account for $4600 plus GST; terms 2/10, n/30. Received $4851 from Giola Ltd in payment of its account. Sold inventory to Modra Ltd on account for $3600 plus GST; terms 2/10, n/30. Paid O. Hee for 14 July purchase; electronic funds transfer. Purchased inventory from L. Cao on account for $5500 plus GST; terms 2/15, n/30. Sold inventory for cash, $2900 plus GST. Returned defective inventory that cost $1200 to L. Cao. Sold merchandise to I. Nizic on account for $8200 plus GST; terms 2/10, n/30. Purchased merchandise from A. Romeo on account for $1800 plus GST; terms 1/10, n/30. Paid month's salary of office assistant, $3200 by interbank transfer. 29 30