Question
16. July 15 Sold 44 Triplelayer waterfalls to W. Light for $12,496, Inv 4564. 17.1 July 16 Invoiced Moderndeco Co for waterfall designs commissioned, Inv
16. July 15 Sold 44 Triplelayer waterfalls to W. Light for $12,496, Inv 4564. 17.1 July 16 Invoiced Moderndeco Co for waterfall designs commissioned, Inv 4565 for $7,084 18.1 July 16 Purchased a new laptop computer for private use at home for Lisa for $3,240 chq 1058. 19. July 17 Fallsforall Co returned 2 Golden Rivers waterfalls sent in excess of order. CRN 111 was issued. These two waterfalls were from the inventory that cost $150 each. 20.1 July 19 Paid amount owing to MyGravel Co - $14,112 chq 1059 21. July 22 Paid Ceramickit Pty Ltd $4,000 as part payment for July invoice chq 1060 22. July 22 Received invoice and paid for advertising in Garden Digest, $770 chq 1061 23. July 24 Paid fortnightly wages of $3,076 chq 1062 PAYG tax deducted from these wages amounted to $1,962 24. July 24 Paid PAYG tax payable for June of $5,924 with chq 1063 25. July 24 Paid superannuation contributions owing from June of $458 chq 1064 26. July 26 Invoiced Newhome Pty Ltd for further design work and sale of waterfalls included in design with Invoice totalling $31,031 Inv 4566. Design work - $8,316 incl GST Waterfall sales: Fishes Friend: 60 waterfalls at $190 each excl GST Triplelayer: 37 waterfalls at $250 each excl GST 27. July 26 Purchased waterfalls from MyGravel Co for $6,336 Fishes Friend: 40 waterfalls at $88 each Triplelayer: 20 waterfalls at $112 each 28. July 26 Sold 12 Triplelayer waterfalls for cash - $3,432 excl GST 29. July 29 Paid the monthly telephone account for $826 using chq 1065 30. July 29 Reimbursed Lisa for out-of-pocket expenses paid by her in July using chq 1066 Taxi fares $104 Office supplies $64 Postage $110 These amounts are inclusive of GST. 31. July 29 Received remaining payment for W. Light for June invoice - $4,000 and $2,400 towards July 15th invoice
required journal entries
note. all amounts are GST inclusive unless otherwise stated. credit sales are made on credit terms of 2/10,n30.
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