Question: Complete the GST Calculation Worksheet for Foxwedge's June quarter BAS. All amounts include GST where applicable. Receipts ($) Sale of goods 201700 Export sales 11750

Complete the GST Calculation Worksheet for Foxwedge's June quarter BAS.


All amounts include GST where applicable.



Receipts ($)

Sale of goods

201700

Export sales

11750

GST-free sales

5300

Commercial rent received

14500

Sale of printing equipment

21500

Bank interest received

2309

Dividends received

270

Bank loan received

310000

Payments ($)

Salaries and wages

58200

Superannuation

5340

Rent of business premises

14200

General business expenses

33715

Purchase of fax machine

5240

Printing supplies

43370

Interest paid

140

Telephone bill

5460

Drawings

150000

Bank charges

620

Insurance (no stamp duty)

2620


GST Calculation Worksheet for Foxwedge Pty Ltd, June quarter BAS:


GST amounts you owe the Tax Office from sales ($)

G1

Total sales (including any GST)





G2

Export sales




G3

Other GST-free sales





G4

Input taxed sales





G5

G2 + G3 + G4


G6


Total sales subject to GST

(G1 minus G5)


G7

Adjustments (if applicable)





G8


Total sales subject to GST after adjustments

(G6 + G7)


G9

GST on sales (G8 divided by eleven)



GST amounts the Tax Office owes you from purchases ($)

G10


Capital purchases

(including any GST)






G11


Non-capital purchases

(including any GST)






G12

G10 + G11


G13

Purchases for making input taxed sales





G14

Purchases without GST in the price





G15




 

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