Following are the transaction of Dodo Book Pty Ltd. All purchases and sales price are including GST.
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Question:
Following are the transaction of Dodo Book Pty Ltd. All purchases and sales price are including GST.
March 5 | Received purchase invoice from supplier XYZ Ltd. for inventory $8,000. 2 marks |
March 5 | Received telephone bill $300 from Optus. 2 marks |
March 6 | Sold 32 books to ABC Pty Ltd. Selling price $70. 2 marks |
March 15 | Paid telephone bill to Optus. 2 marks |
March 15 | Received payment from ABC Pty Ltd for the sale on March 6. 3 marks |
March 21 | Paid to suppliers XYZ Ltd. for books purchased on March 5. 3 marks |
March 31 | Depreciation for computer to be recorded for the month $1500. 3 marks |
Required:
Write the journal entries for the above transactions.
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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