From the following balances and transactions of P Sullivan for the month of September 2022, where perpetual inventory applies, you are required to:

a enter the appropriate journal abbreviation next to each transaction below and prepare all relevant journals (or prepare the general journal), and b post to a structured general ledger and balance the accounts, and c prepare a trial balance.

The cost of sales is to be calculated at 60% of the sales value (rounded to the nearest $).

The account balances at the end of August 2022 were: land and buildings $35 000, plant and machinery $17 000, accounts receivable control $ …… (F Cambourn $1738, L Horner $2563), inventory $18 000, bank overdraft $1650, accounts payable control $ …… (E Longville $737), mortgaged loan on land and buildings $30 000, GST receivable $875, GST payable

$1765 and capital $ ……

Transactions for September were:

1 Received remittance for $2497 from L Horner, discount of $66 had been taken.

1 F Cambourn remitted $1705 in full settlement of amount owing.

3 Electronically transferred funds to E Longville $704 in full settlement of account.

5 Tax invoiced F Cambourn $3762 ($3420 + $342 GST).

5 Mailed tax invoice to L Horner $2629 ($2390 + $239 GST).

8 Received rent from tenants $660 ($600 + $60 GST).

12 Tax invoice from J Malloy for $506 ($460 + $46 GST) for deliveries to customers.

15 Stock sold to G Wild $1936 ($1760 + $176 GST) cash.

17 Sold goods to L Horner $2860 ($2600 + $260 GST).

17 Tax invoice received from L Paragon for photocopy paper (stationery) $286 ($260 + $26 GST).

18 Purchased stock from E Longville $583 ($530 + $53 GST).

20 Adjustment credit note raised for error in pricing and sent to L Horner $88 ($80 + $8 GST).

23 Transferred three-monthly interest on mortgaged loan $1275.

23 Remitted funds to Shortland Electricity for electricity consumption $1848 ($1680 + $168 GST).

27 Received tax invoice from B Stooke and Co for minor repairs and repainting of office $1749 ($1590 +

$159 GST).

28 Sold stock to D Craig $3608 ($3280 + $328 GST).

30 Paid Australia Post for postage stamps $45 ($41 + $4 GST).