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2020 1 Jan Issued a 7% 60 day promissory note to Ashfield Pty Ltd in settlement of an account for $9500 for goods purchased from

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2020 1 Jan Issued a 7% 60 day promissory note to Ashfield Pty Ltd in settlement of an account for $9500 for goods purchased from them in September last year. 23 Apr The Company paid warranty costs of $ 670 in cash to make good warranty conditions on a product sold in 2018. The company has a Provision for Warranty Costs account. 6 May Purchased $16500 worth of inventory (GST included) from ZED Ltd on credit terms of 2/10, n/ 30 (record GST) 30 June The Company had made the following transactions: Credit and cash sales inclusive of GST $61600 Purchased Inventory and supplies worth $59400 inclusive of GST Settlement of GST with the Australian Tax Office Make the entries to record the above transactions

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