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  3. enter the transactions below into the general journal and then...

Question: enter the transactions below into the general journal and then...

Question details

Enter the transactions below into the General Journal and then update the Ledger accounts as required.

Transactions

January 2         Sold 100 Lunch in a Box meals on credit to School Snackers for $990 (including GST).

January 3         Made a cash sale of $650 (net of GST) to Philip Heathers when they bought 10 Cake it Away desert kits.

                        Received a cheque from Delicious Deserts as full payment of their account.

January 5         Purchased 50 Cake it Away desert kits from Flavour and Thensome. Each kit costs $30 and there is a delivery charge of $100. All amounts are net of GST.

January 7         Sold 20 Gourmet Dinner Just Heat It meals to Help Those in Need for $25 each plus a delivery fee of $50. The total GST charged was $55

January 9         Issued Cheque number 1034 to Prepared for Good. The cheque amount was $2024 and a discount of $176 (including GST of $16) was received for early payment.

January 11       Purchased 200 Ultimate BBQ Flavours packs on credit from Ingredients Plus. Each pack costs $50 and there is a delivery charge of $0.50 per pack. All amounts are net of GST.

January 13       Sold 25 Cake it Away desert kits on credit to Delicious Deserts for $60 each (including GST).    

 

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