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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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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