Question: Prepare the relevant journals for the dates in January 2022 and post them to the general and subsidiary ledgers for M Bowman, who uses periodic

Prepare the relevant journals for the dates in January 2022 and post them to the general and subsidiary ledgers for M Bowman, who uses periodic inventory.

5 Purchased inventory for $3993 ($3630 + $363 GST) from A Harris.

6 Sent tax invoice and goods totalling $9339 ($8490 + $849 GST) to A Fox.

16 Received cheque from A Fox for $9339.

20 Bank advised cheque deposited on 16 January from A Fox had been dishonored.

25 Received funds from A Fox in full payment of tax invoice.

28 Paid A Harris for purchase on 5 January, less $198 ($180 + $18 GST) discount.

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January 5 Purchased inventory for 3993 3630 363 GST from A Harris January 6 Sent tax ... View full answer

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