G Rettkowicz commenced business from 1 August 2022 with bank $9000, inventory $2000, motor vehicle

$8000, computer $2800; process this data through the general journal and post to the general ledger.

G Rettkowicz has elected to prepare and maintain the accounts using the cash basis of accounting and not the accrual basis of accounting.

Enter the following transactions, where appropriate, in the cash receipts journal and the cash payments journal; post them to the general ledger and extract a trial balance as at 31 August 2022.

2 Cash sale $814 ($740 + $74 GST).

5 Purchased inventory $550 ($500 + $50 GST) on credit from N Green.

9 Customer paid $825 ($750 + $75 GST) for inventory purchased.

17 Supplier was paid $110 ($100 + $10 GST) for stock taken by G Rettkowicz.

17 Sold $880 ($800 + $80 GST) of goods on credit to G Norman.

17 Purchased machinery for $3300 ($3000 + $300 GST) with a debit card.
21 G Rettkowicz sold goods to V Kapruziak for $990 ($900 + $90 GST) and accepted a cheque in payment.
21 Purchased with a debit card four new tyres for business vehicle $660 ($600 + $60 GST).
23 Credit sale of inventory for $935 ($850 + $85 GST) to G Bennett.
23 Received direct into account from R Sahni $429 ($390 + $39 GST) for stock sold.
27 G Rettkowicz obtained goods from S Rentzsch costing $330 ($300 + $30 GST) on 10-day credit terms.
28 Paid $242 ($220 + $22 GST) petrol account for business vehicle.
29 Deposited the cash sales $1925 ($1750 + $175 GST).
30 Received funds direct into bank account from G Norman as per transaction on 17 August.