Journal and ledger,

Please answer within the format with all supporting calculation seperately

Please provide narration for each entry

Task 2

Using the excel file you have already been working on, enter the transactions below into the General Journal and then update the Ledger accounts as required.

Transactions

July 3 Issued Cheque number 718 to Amped Up Industries. The cheque amount was $269.50 and a discount of $5.50 (including GST of $0.50) was received for early payment.

July 4 Purchased 200 metres of cabling from Clips n Cables (Invoice 3081) for $9.50 per metre, plus a total freight charge of $100 and total GST of $200.

July 6 Sold 15 Energy Saving Timers for $25 each, plus a total GST of $37.50 to Medical Centres SA (Invoice 4296)

July 10 Purchased 20 safety switches from Amped Up Industries (invoice 7050) for $12 each, plus a total freight charge of $60 and total GST of $30.

July12 Cash Sale of 30 power boards with surge protection for $25 each plus a total GST of $75 to Heather Philips (Receipt 286)

July 14 Paid "The Advertiser Newspaper" (Chq 725) $660 (GST included) for advertising in the local paper