Prepare the journals for the dates in August 2022 and post to the general and subsidiary ledgers

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Prepare the journals for the dates in August 2022 and post to the general and subsidiary ledgers for S Ireland who operates with perpetual inventory.

2 P Dipstick purchased stock from S Ireland for a tax invoice value of $1991 ($1810 + $181 GST), with an inventory cost of $1100.

4 Tax invoice sent to B McAlpine for $2321 ($2110 + $211 GST), cost of the sale was $1200.

4 Received tax invoice $957 ($870 + $87 GST) and goods from A Chappel.

12 Received cheque for $1991 from P Dipstick.

12 B McAlpine paid $2200 in full settlement of account.

16 Cheque from P Dipstick was dishonoured.

28 Remittance sent to A Chappel for $902 in full settlement of account.

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